Stifel raised the firm’s price target on Monarch Casino (MCRI) to $97 from $92 and keeps a Hold rating on the shares. Results and commentary suggest sequential moderation in Reno following an “impressive” Q2, says the analyst, whose checks also indicate demand in both Reno and BH softened slightly in September. Macro uncertainty and a lack of near-term catalysts keep the firm on the sidelines for now, the analyst noted.
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