Wells Fargo analyst Zachary Silverberg upgraded Monarch Casino (MCRI) to Equal Weight from Underweight with a price target of $89, up from $83, following the Q2 report. The firm cites the company’s “strong” operational execution, ‘reasonable” valuation at current share levels, and visible free cash flow for the upgrade. Wells says its Underweight reflected uncertainty regarding Monarch’s future growth prospects, but management’s recent execution warrants higher estimates and an upgrade.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCRI:
- Monarch Casino upgraded to Equal Weight from Underweight at Wells Fargo
- Closing Bell Movers: Archer Daniels slips 6% on Trump’s Coke comment
- Monarch Casino Reports Record Q2 2025 Financial Results
- Monarch Casino reports Q2 EPS $1.44, consensus $1.17
- Monarch Casino price target raised to $105 from $100 at Truist