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Fly News Breaks for December 7, 2016
BYD, GLPI, MGP
Dec 7, 2016 | 05:21 EDT
Deutsche Bank analyst Carlo Santarelli downgraded MGM Growth (MGP) to Hold saying valuation multiple expansion is unlikely with interest rates likely to continue rising. The analyst lowered his price target for the shares to $27 from $28 and believes Gaming and Leisure Properties (GLPI) offers a better risk/reward profile. Boyd Gaming (BYD) is Santarelli's top pick in Regional Gaming for 2017. He upped his price target for those shares to $25 from $23.
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