Truist raised the firm’s price target on Monarch Casino (MCRI) to $125 from $120 and keeps a Buy rating on the shares after its Q1 earnings beat. The management cited completed Reno room renos, bad ski weather being good casino weather and strong population dynamics, the analyst tells investors in a research note. Truist adds it continues to favor Monarch Casino for its high-quality assets and M&A optionality.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCRI:
- Monarch Casino price target raised to $102 from $97 at Stifel
- Monarch Casino Reports Record Q1 Results, Boosts Shareholder Returns
- Closing Bell Movers: Capital One, Interactive Brokers slip after results
- Monarch Casino reports Q1 EPS $1.52, consensus $1.15
- MCRI Earnings Report this Week: Is It a Buy, Ahead of Earnings?