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MGM

MGM Resorts

$35.21

1.53 (4.54%)

, CZR

Caesars

$10.90

-0.1 (-0.91%)

14:29
04/12/18
04/12
14:29
04/12/18
14:29

NJ reports March gaming revenue down 1.5% to $221.9M

New Jersey's Division of Gaming Enforcement reported that casino win from the industry for March was $192.9M compared to $200.1M in March 2017, reflecting a 3.6% decrease. Internet gaming win was $25.6M in March, compared to $21.7M in the prior period, reflecting an increase of 17.6%. The industry's total gaming win for the month was $218.5M, compared to $221.9M for March 2017, reflecting a 1.5% decrease. Publicly traded companies in the casino gaming space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).

MGM

MGM Resorts

$35.21

1.53 (4.54%)

CZR

Caesars

$10.90

-0.1 (-0.91%)

PENN

Penn National

$26.20

-0.13 (-0.49%)

WYNN

Wynn Resorts

$179.83

-3.45 (-1.88%)

LVS

Las Vegas Sands

$72.42

1.57 (2.22%)

BYD

Boyd Gaming

$33.21

0.72 (2.22%)

  • 12

    Apr

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    Apr

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    Apr

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    May

MGM MGM Resorts
$35.21

1.53 (4.54%)

03/15/18
MSCO
03/15/18
NO CHANGE
MSCO
Las Vegas Sands, Wynn Resorts targets raised at Morgan Stanley after Macau trip
After visiting Macau last week, Morgan Stanley analyst Thomas Allen raised his 2018/2019 EBITDA forecast for Las Vegas Sands by 1%, citing strong visitation growth over Chinese New Year, less MGM (MGM) Cotai cannibalization, and less renovation disruption at Cotai Central, all of which make him lower his projection for Las Vegas' market share decline to only 0.4% in loss versus his prior view of a 1% share loss. While it appears the new MGM Cotai has attracted a lot of visitors since opening, Allen believes a mixture of service issues and low hold will impact near-term results. For Wynn Resorts (WYNN), Allen raised his 2018/2019 EBITDA view by 4%/2% to reflect stronger results in both Macau and Vegas. Allen increased his price target on Las Vegas Sands shares to $82 from $81, upped his Wynn target to $194 from $193 and keeps a $40 price target on MGM Resorts.
03/08/18
STFL
03/08/18
NO CHANGE
STFL
Stifel returns from Macau trip with 'much more positive' view for 2018
Stifel analyst Steven Wieczynski said that after meeting with property managements and industry contacts in Macau recently he came back with a "much more positive/constructive view for 2018" than he was previously forecasting. It was clear that operators were "thrilled" with how the Chinese New Year holiday played out and demand post-CNY had continued to be strong, especially on the VIP side, Wieczynski tells investors. He maintains his Buy rating on Las Vegas Sands (LVS) and Hold ratings on MGM Resorts (MGM) and Wynn Resorts (WYNN). Melco Resorts (MLCO) is another publicly traded company in the Macau gaming space.
01/18/18
JEFF
01/18/18
INITIATION
Target $43
JEFF
Buy
MGM Resorts initiated with a Buy at Jefferies
Jefferies analyst David Katz started MGM Resorts (MGM) with a Buy rating and $43 price target. The analyst says the Cotai opening in the near term and positive capital deployment trump concerns over challenging Las Vegas comparisons. Katz initiated 11 Gaming names after today's close, naming Wynn Resorts (WYNN), Eldorado Resorts (ERI) and Penn National (PENN) his top picks.
04/03/18
BOFA
04/03/18
NO CHANGE
BOFA
BofA/Merrill's Top 10 US Ideas for Q2 2018
BofA/Merrill introduced its Top 10 Ideas for Q2 2018. They are Buy rated Abbott (ABT), ADP (ADP),Coca-Cola European Partners (CCE), Discovery (DISCA), Dover (DOV), Lowe's (LOW), MGM Resorts (MGM), and Qualcomm (QCOM), and Underperform rated Ralph Lauren (RL) and BlackBerry (BB).
CZR Caesars
$10.90

-0.1 (-0.91%)

10/24/17
SUSQ
10/24/17
NO CHANGE
SUSQ
Caesars has path to $21 per share, says Susquehanna
Susquehanna analyst Joseph Stauff contends that Caesar's has emerged from bankruptcy as a "very compelling" long idea, citing its potential to drive better than expected EBITDA growth. He identifies $600M of incremental EBITDA that can be added by its Las Vegas renovations, licensing agreements and margin improvement, which if added to current estimates would assume a $21 per share stock, he tells investors.
03/07/18
NOMU
03/07/18
UPGRADE
NOMU
Buy
Caesars upgraded to Buy from Neutral at Nomura Instinet
01/18/18
JEFF
01/18/18
INITIATION
Target $14
JEFF
Hold
Caesars initiated with a Hold at Jefferies
Jefferies analyst David Katz initiated coverage of the casino industry, starting Caesars with a Hold rating and $14 price target.
04/05/18
NOMU
04/05/18
NO CHANGE
Target $15
NOMU
Buy
Nomura sees 'several' positive catalysts to reverse Caesars sentiment
Nomura Instinet analyst Harry Curtis sees "several" positive catalysts that could reverse the negative sentiment on shares of Caesars. These include Q2 RevPAR strength in Las Vegas, which is being underappreciated by investors, Curtis tells investors in a research note. He notes the stock has 36% upside potential to his $15 price target along with a 13% free cash flow yield on 2019 estimates. Curtis keeps a Buy rating on Caesars.
PENN Penn National
$26.20

-0.13 (-0.49%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Outperform
Penn National initiated with an Outperform at Telsey Advisory
01/18/18
JEFF
01/18/18
INITIATION
Target $39
JEFF
Buy
Penn National initiated with a Buy at Jefferies
Jefferies analyst David Katz initiated Penn National with a Buy and $39 price target.
01/22/18
DBAB
01/22/18
NO CHANGE
Target $38
DBAB
Buy
Penn National price target raised to $38 from $32 at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli raised his price target for Penn National Gaming (PENN) to $38 after incorporating the Pinnacle Entertainment (PNK) acquisition into his model. The analyst sees "multiple paths" to further share appreciation and keeps a Buy rating on Penn shares.
WYNN Wynn Resorts
$179.83

-3.45 (-1.88%)

04/02/18
04/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois saying Tesla shares are down 32% from their September 2017 peak and he sees a "high probability" that management and the board, when releasing first quarter unit data this week, take "more drastic action" on guidance and funding to "restore credibility." 2. Allstate (ALL) upgraded to Market Perform from Underperform at Keefe Bruyette with analyst Meyer Shields expecting strong first quarter results from the company. 3. Discovery (DISCA) upgraded to Outperform from Market Perform at Wells Fargo with analyst Marci Ryvicker saying she believes the stock offers a "compelling" risk/reward profile at current share levels. 4. Darden (DRI) was upgraded to Outperform from Sector Perform at RBC Capital and to Outperform from Market Perform at Raymond James. 5. Wynn Resorts (WYNN) upgraded to Buy from Neutral at Roth Capital with analyst David Bain saying he views regulatory and other risks as diminished, with Massachusetts likely remaining as the largest one still outstanding. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/23/18
03/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wynn Resorts (WYNN) and Wynn Macau (WYNMF) were upgraded to Buy from Hold at Union Gaming. 2. Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Rod Hall saying as market volatility increases, Cisco provides a "relatively defensive" name in the sector. 3. General Mills (GIS) upgraded to Positive from Neutral at Susquehanna. 4. MPLX (MPLX) upgraded to Overweight from Equal Weight and Dominion Midstream (DM) upgraded to Equal Weight from Underweight at Morgan Stanley. 5. KB Home (KBH) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East saying the shares have fallen 25% since January 11, the worst in the group, while estimates "must rise." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
JPMS
03/27/18
NO CHANGE
Target $214
JPMS
Overweight
Wynn Resorts price target raised to $214 from $196 at JPMorgan
JPMorgan analyst Joseph Greff raised his price target for Wynn Resorts to $214 after increasing his 2018 and 2019 Macau property level EBITDA estimates by 3%. The analyst sees "continued healthy growth" in Macau and Wynn-specific premium mass momentum. Greff sees an "increasingly favorable" risk/reward on shares of Wynn Resorts following the "recent risk-reducing events" over the past month. He keeps an Overweight rating on the name.
04/02/18
ROTH
04/02/18
UPGRADE
Target $206
ROTH
Buy
Wynn Resorts upgraded to Buy from Neutral at Roth Capital
Roth Capital analyst David Bain upgraded Wynn Resorts to Buy from Neutral as he views regulatory and other risks as diminished, with Massachusetts likely remaining as the largest one still outstanding. While the analyst does not believe the "Steve Wynn stock multiple premium" will return, fundamental underpinnings are too strong for shares to not retrace at least closer to historical stock multiple averages in the near-to-intermediate term. Bain also raised his price target on the shares to $206 from $170.
LVS Las Vegas Sands
$72.42

1.57 (2.22%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Market Perform
Las Vegas Sands initiated with a Market Perform at Telsey Advisory
01/25/18
ROTH
01/25/18
NO CHANGE
Target $85
ROTH
Buy
Las Vegas Sands price target raised to $85 from $69 at Roth Capital
Roth Capital analyst David Bain raised his price target for Las Vegas Sands to $85 from $69 as he believes it is best positioned to capture near-term visitation influx from the opening of the HZM Bridge in mid-2018. The analyst reiterates a Buy rating on the shares.
BYD Boyd Gaming
$33.21

0.72 (2.22%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Market Perform
Boyd Gaming initiated with a Market Perform at Telsey Advisory
02/21/18
RHCO
02/21/18
NO CHANGE
Target $38
RHCO
Buy
Boyd Gaming price target lowered to $38 from $43 at SunTrust
SunTrust analyst C. Patrick Scholes lowered his price target on Boyd Gaming to $38 after a Q4 earnings miss, saying the "Las Vegas Locals" segment was the major soft spot while other segments were in line. The analyst also notes that the company has attributed some of the soft FY18 outlook to adverse weather conditions in the Midwest and South regions. Longer term, Scholes keeps his Buy rating on Boyd Gaming, stating he would be a buyer on weakness based on the company's Las Vegas prospects and avenues for continued M&A driven growth.
02/05/18
DBAB
02/05/18
NO CHANGE
Target $47
DBAB
Buy
Boyd Gaming price target raised to $47 from $39 at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli raised his price target for Boyd Gaming to $47 ahead of the company's Q4 results. The analyst sees portfolio improvements and strength in the Las Vegas locals market driving "sound" Q4 results. The analyst believes the company's portfolio is well positioned for longer term growth and keeps a Buy rating on the shares.
01/18/18
JEFF
01/18/18
INITIATION
Target $34
JEFF
Hold
Boyd Gaming initiated with a Hold at Jefferies
Jefferies analyst David Katz initiated coverage of the casino industry, starting Boyd Gaming with a Hold rating and $34 price target.

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Leerink healthcare analysts to hold an analyst/industry conference call »

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$1.29

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Delta Air Lines

$55.60

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AMZN

Amazon.com

$1,495.78

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21st Century Fox

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Disney

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TGNA

Tegna

$12.11

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SBGI

Sinclair Broadcast

$29.33

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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EOG

EOG Resources

$102.34

-3.435 (-3.25%)

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FSI

Flexible Solutions

$1.46

(0.00%)

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Flexible Solutions acquires 65% of ENP Investments for $5.11M »

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ANWWQ

Aegean Marine

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FSI

Flexible Solutions

$1.46

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BBY

Best Buy

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Target

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ESV

Ensco

$6.20

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BSX

Boston Scientific

$34.59

-0.7 (-1.98%)

13:49
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WDC

Western Digital

$45.45

0.33 (0.73%)

13:45
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Western Digital call volume above normal and directionally bullish »

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  • 04

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EADSY

Airbus

$0.00

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NVS

Novartis

$88.66

0.37 (0.42%)

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