Stifel analyst Steven Wieczynski said he expects several of the key investment themes that powered many of the Gaming & Leisure stocks he covers to outperform in 2019 to continue into 2020, backed by a relatively healthy North American consumer. He named Eldorado Resorts (ERI) as his top idea for 2020, as he sees the potential for considerable value to be created for stakeholders as the pending acquisition of Caesars (CZR) is successfully integrated. As previously reported, Stifel analyst Brad Boyer also upgraded Scientific Games (SGMS) to Buy from Hold this morning and that stock was also named as among the firm's top Gaming & Leisure picks. Other top ideas for 2020 in the space include OneSpaWorld (OSW), Norwegian Cruise Line (NCLH) and Las Vegas Sands (LVS), Stifel's team stated.

Barclays analyst Brandt Montour lowered the firm's price target on Caesars to $63 from $65 and keeps an Overweight rating on the shares as part of the Q1 preview for the gaming space. The firm prefers the Las Vegas high end over the low end, saying regionals and online sports betting have been mixed with internet gaming strong across the board.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Macquarie lowered the firm's price target on Las Vegas Sands to $61 from $62 and keeps an Outperform rating on the shares. The company reported a slight Q1 beat, aided by lucky Singapore hold, which more than offset unfavorable Macau hold, the analyst tells investors in a research note. The firm says that while ongoing Macau construction remains an impact, it sets up Las Vegas Sands for a much stronger competitive position in 2025.

Citi raised the firm's price target on Las Vegas Sands to $75 from $74 and keeps a Buy rating on the shares following the Q1 report. At Macau, the disruption from Londoner phase 2 renovation has been largely priced in as it was well flagged and explained by management in previous earnings calls, the analyst tells investors in a research note. the firm continues to rank Las Vegas Sands as its "Global Top Pick." The stock appears to be trading at an "undemanding" valuation, says Citi.

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Pre-earnings options volume in Las Vegas Sands is 3.0x normal with calls leading puts 4:3. Implied volatility suggests the market is anticipating a move near 3.7%, or $1.89, after results are released. Median move over the past eight quarters is 4.5%.