Monarch Casino price target raised to $112 from $109 at Jefferies

Jefferies raised the firm’s price target on Monarch Casino (MCRI) to $112 from $109 and keeps a Hold rating on the shares. Jefferies told investors that management execution is proven and the assets remain among the best in their respective markets. In revisiting casino stocks, the firm focused on growth potential both organically and from capital projects, as well as the execution by management teams rather than the “disparate” valuations.