Monarch Casino price target raised to $82 from $79 at Wells Fargo

Wells Fargo analyst Zachary Silverberg raised the firm’s price target on Monarch Casino (MCRI) to $82 from $79 and keeps an Underweight rating on the shares. The firm notes the company beat Street EBITDA estimates by about 11% as Black Hawk continues to benefit from high-end strength. Wells remains bearish as it sees less upside from here given the first half of 2025 room construction disruption at Atlantis and modest growth prospects.