Truist raised the firm’s price target on Monarch Casino (MCRI) to $120 from $105 and keeps a Buy rating on the shares. The company posted a strong Q2 EBITDA beat, riding the regional wave which has been trending strong quarter-to-date, the analyst tells investors in a research note. While the macro/tariff noise remains, Monarch management has still not seen any actual impact with its mid-upper end customer resilient, the firm added.
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