Monarch Casino price target raised to $76 from $75 at Macquarie

Macquarie raised the firm’s price target on Monarch Casino to $76 from $75 and keeps a Neutral rating on the shares following the Q2 report. The firm says that although Monarch’s organic growth prospects are moderating, it maintains a constructive view on the shares given the company’s “industry-leading” returns on invested capital and consistent free cash flow. The analyst, however, believes the positives are currently priced into the shares.