Breaking News Instant updates and real-time market news.

CZR

Caesars

$11.30

0.4 (3.67%)

, PENN

Penn National

$27.02

0.82 (3.13%)

08:29
04/13/18
04/13
08:29
04/13/18
08:29

Jefferies sees opportunity in smid-cap casino stocks after selloff

The recent selloff in smid-cap casino stocks has been driven by the impact of severe weather in the regional markets as well as a challenging quarter in Las Vegas, Jefferies analyst David Katz tells investors in a research note. Following the release of positive March gross gaming revenue from several important regional markets, the context for the quarter is more positive, Katz adds. He believes the share selloff is overdone and presents opportunities in Caesars (CZR) and Penn National Gaming (PENN), among others.

CZR

Caesars

$11.30

0.4 (3.67%)

PENN

Penn National

$27.02

0.82 (3.13%)

GDEN

Golden Entertainment

$23.72

0.3 (1.28%)

ERI

Eldorado Resorts

$35.50

0.9 (2.60%)

CHDN

Churchill Downs

$235.95

-0.85 (-0.36%)

GLPI

Gaming and Leisure Properties

$33.36

-0.44 (-1.30%)

  • 25

    Apr

  • 26

    Apr

CZR Caesars
$11.30

0.4 (3.67%)

03/07/18
NOMU
03/07/18
UPGRADE
NOMU
Buy
Caesars upgraded to Buy from Neutral at Nomura Instinet
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.
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.
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.
PENN Penn National
$27.02

0.82 (3.13%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Outperform
Penn National initiated with an Outperform at Telsey Advisory
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.
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.
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.
GDEN Golden Entertainment
$23.72

0.3 (1.28%)

10/25/17
MACQ
10/25/17
INITIATION
Target $34
MACQ
Outperform
Golden Entertainment initiated with an Outperform at Macquarie
Macquarie analyst Chad Beynon initiated Goldan Entertainment with an Outperform and $35 price target saying it runs a highly scalable business with heavy exposure to Southern Nevada, which is arguably the healthiest US economy. Further, the company has industry-leading exposure to millennial's spending given its Tavern concept which includes Food/Beverage and approximately 15 slot machines primarily to Vegas residents
01/18/18
JEFF
01/18/18
INITIATION
Target $38
JEFF
Buy
Golden Entertainment initiated with a Buy at Jefferies
Jefferies analyst David Katz initiated Golden Entertainment with a Buy and $38 price target.
03/13/18
TLSY
03/13/18
INITIATION
TLSY
Outperform
Golden Entertainment initiated with an Outperform at Telsey Advisory
05/15/17
RHCO
05/15/17
DOWNGRADE
RHCO
Hold
Golden Entertainment downgraded to Hold from Buy at SunTrust
SunTrust analyst Patrick Scholes downgraded Golden Entertainment to Hold and increased its price target to $16 from $15 saying shares appear fairly valued at current levels.
ERI Eldorado Resorts
$35.50

0.9 (2.60%)

04/03/18
MACQ
04/03/18
UPGRADE
MACQ
Outperform
Eldorado Resorts upgraded to Outperform from Neutral at Macquarie
03/13/18
TLSY
03/13/18
INITIATION
TLSY
Outperform
Eldorado Resorts initiated with an Outperform at Telsey Advisory
04/03/18
MACQ
04/03/18
UPGRADE
Target $40
MACQ
Outperform
Eldorado Resorts upgraded to Outperform at Macquarie
As previously reported, Macquarie upgraded Eldorado Resorts to Buy from Neutral with a $40 price target, up from $39. Analyst Chad Beynon said Eldorado has a strong accretive M&A record and with Regional Gaming multiples pulling back in the quarter, and leverage back below 4x, he believes the company may be close to announcing a $1B acquisition that could add $3-$4 of equity value. Beynon also said he sees plenty of margin opportunities in the current portfolio and that Eldorado could also be a target of peers.
02/20/18
ROTH
02/20/18
INITIATION
Target $41
ROTH
Buy
Eldorado Resorts initiated with a Buy at Roth Capital
Roth Capital analyst David Bain started Eldorado Resorts with a Buy rating and $41 price target as he sees a strong set-up for regional gaming coupled with specific, above-consensus EBITDA margin gains. Further, the analyst calculates upside optionality of over $20 per share stemming from relatively near-term, company specific, probable actions, a vast majority of which are not captured in his target price.
CHDN Churchill Downs
$235.95

-0.85 (-0.36%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Market Perform
Churchill Downs initiated with a Market Perform at Telsey Advisory
01/18/18
JEFF
01/18/18
INITIATION
Target $261
JEFF
Hold
Churchill Downs initiated with a Hold at Jefferies
Jefferies analyst David Katz initiated Churchill Downs with a Hold rating and $261price target.
04/28/17
04/28/17
DOWNGRADE

Market Perform
Churchill Downs downgraded on limited upside at Telsey Advisory
As previously reported, Telsey Advisory downgraded Churchill Downs to Market Perform from Outperform with a $174 price target. The firm's analyst believes upside is limited at current levels and is more cautious on Big Fish division bookings for the remainder of the year.
04/28/17
TLSY
04/28/17
DOWNGRADE
TLSY
Market Perform
Churchill Downs downgraded to Market Perform from Outperform at Telsey Advisory
GLPI Gaming and Leisure Properties
$33.36

-0.44 (-1.30%)

01/18/18
JEFF
01/18/18
INITIATION
Target $40
JEFF
Hold
Gaming and Leisure Properties initiated with a Hold at Jefferies
Jefferies analyst David Katz initiated Wynn Resorts with a Hold rating and $40 price target.
01/11/18
RHCO
01/11/18
UPGRADE
Target $41
RHCO
Buy
Gaming and Leisure Properties upgraded to Buy at SunTrust on Pinnacle deal
As reported earlier, SunTrust analyst C. Patrick Scholes upgraded Gaming and Leisure Properties (GLPI) to Buy from Hold and raised his price target to $41 from $38. The analyst says the key to the stock is the replacement of Pinnacle Entertainment (PNK) with a new deal partner BYD, adding that the market has not priced in all of the Penn National (PENN) deal accretion. Scholes also believes that Gaming and Leisure Properties should see a "robust M&A pipeline" that offers more positive catalysts.
01/11/18
RHCO
01/11/18
UPGRADE
RHCO
Buy
Gaming and Leisure Properties upgraded to Buy from Hold at SunTrust
12/19/17
UGAM
12/19/17
UPGRADE
Target $40
UGAM
Buy
Gaming and Leisure upgraded to Buy with $40 target at Union Gaming
Union Gaming analyst John DeCree upgraded Gaming and Leisure Properties (GLPI) to Buy from Hold and raised his price target for the shares to $40 from $39. The analyst sees a near-term valuation opportunity in the shares following Penn National's (PENN) acquisition of Pinnacle Entertainment (PNK). He believes Gaming and Leisure "extracted significant value from yesterday's transactions."

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$228.68

2.38 (1.05%)

10:35
07/16/18
07/16
10:35
07/16/18
10:35
Periodicals
Goldman Sachs may announce new CEO tomorrow, CNBC reports »

David Solomon will…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MRO

Marathon Oil

$20.30

-1.18 (-5.49%)

10:34
07/16/18
07/16
10:34
07/16/18
10:34
Technical Analysis
Technical Take: Marathon Oil tumbles with peers »

Shares of oil exploration…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Aug

PFE

Pfizer

$37.40

-0.13 (-0.35%)

, ONCE

Spark Therapeutics

$81.60

-3.32 (-3.91%)

10:34
07/16/18
07/16
10:34
07/16/18
10:34
Hot Stocks
Pfizer initiates pivotal Phase 3 program for hemophilia B gene therapy »

Pfizer (PFE) and Spark…

PFE

Pfizer

$37.40

-0.13 (-0.35%)

ONCE

Spark Therapeutics

$81.60

-3.32 (-3.91%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 10

    Sep

PEGI

Pattern Energy

$17.52

0.43 (2.52%)

10:34
07/16/18
07/16
10:34
07/16/18
10:34
Hot Stocks
Pattern Energy rises as Ontario cancellation fears subside »

Shares of Pattern Energy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EPC

Edgewell Personal Care

$51.01

-0.63 (-1.22%)

10:30
07/16/18
07/16
10:30
07/16/18
10:30
Options
Call buyer opens a notable new position in Edgewell Personal Care »

Call buyer opens a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:30
07/16/18
07/16
10:30
07/16/18
10:30
General news
Treasury Option Action: bullish positioning in the 10-year »

Treasury Option Action:…

ARNC

Arconic

$19.08

1.69 (9.72%)

, APO

Apollo Global

$35.82

-0.31 (-0.86%)

10:23
07/16/18
07/16
10:23
07/16/18
10:23
Recommendations
Arconic, Apollo Global analyst commentary  »

Arconic could be worth…

ARNC

Arconic

$19.08

1.69 (9.72%)

APO

Apollo Global

$35.82

-0.31 (-0.86%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Aug

MSFT

Microsoft

$105.56

0.14 (0.13%)

10:20
07/16/18
07/16
10:20
07/16/18
10:20
Options
Notable spread in Microsoft ahead of earnings »

Notable spread in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jul

  • 08

    Aug

  • 08

    Aug

  • 04

    Sep

10:20
07/16/18
07/16
10:20
07/16/18
10:20
General news
The 0.4% U.S. May business inventory rise »

The 0.4% U.S. May…

LPG

Dorian LPG

$7.95

0.03 (0.38%)

10:19
07/16/18
07/16
10:19
07/16/18
10:19
Hot Stocks
Dorian LPG confirms receipt of director nominations from BW LPG »

Dorian LPG confirmed that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
07/16/18
07/16
10:17
07/16/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
07/16/18
07/16
10:16
07/16/18
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:15
07/16/18
07/16
10:15
07/16/18
10:15
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

10:15
07/16/18
07/16
10:15
07/16/18
10:15
General news
Treasury Action: yields remained elevated »

Treasury Action: yields…

NFLX

Netflix

$399.49

3.57 (0.90%)

, PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

10:14
07/16/18
07/16
10:14
07/16/18
10:14
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

NFLX

Netflix

$399.49

3.57 (0.90%)

PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

ROK

Rockwell Automation

$168.02

-3.1 (-1.81%)

FDX

FedEx

$231.55

-2.2 (-0.94%)

HAS

Hasbro

$94.14

-2.365 (-2.45%)

XON

Intrexon

$14.90

-0.48 (-3.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 23

    Jul

  • 25

    Jul

  • 17

    Sep

  • 20

    Sep

  • 21

    Sep

NFLX

Netflix

$399.49

3.57 (0.90%)

, PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

10:14
07/16/18
07/16
10:14
07/16/18
10:14
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

NFLX

Netflix

$399.49

3.57 (0.90%)

PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

ROK

Rockwell Automation

$168.02

-3.1 (-1.81%)

FDX

FedEx

$231.55

-2.2 (-0.94%)

HAS

Hasbro

$94.14

-2.365 (-2.45%)

XON

Intrexon

$14.90

-0.48 (-3.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

  • 23

    Jul

  • 25

    Jul

  • 17

    Sep

  • 20

    Sep

  • 21

    Sep

WFC

Wells Fargo

$56.39

1.04 (1.88%)

, VFC

VF Corp.

$87.64

2.8 (3.30%)

10:14
07/16/18
07/16
10:14
07/16/18
10:14
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

WFC

Wells Fargo

$56.39

1.04 (1.88%)

VFC

VF Corp.

$87.64

2.8 (3.30%)

UPS

UPS

$111.28

2.3 (2.11%)

ALV

Autoliv

$106.19

0.46 (0.44%)

SAR

Saratoga Investment

$24.31

-0.32 (-1.30%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 18

    Jul

  • 20

    Jul

  • 23

    Jul

  • 06

    Aug

  • 07

    Aug

  • 08

    Aug

  • 12

    Apr

  • 13

    Jul

  • 15

    Oct

BAC

Bank of America

$29.10

0.565 (1.98%)

10:14
07/16/18
07/16
10:14
07/16/18
10:14
Hot Stocks
Bank of America reports June default rate 2.66% vs. 2.98% last month »

Reports 30-plus day…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Jul

RDY

Dr. Reddy's

$30.40

-2.86 (-8.60%)

10:13
07/16/18
07/16
10:13
07/16/18
10:13
Technical Analysis
Technical Take: Dr. Reddy's falls after injunction against Suboxone generic »

The stock was last down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GOGO

Gogo

$3.86

-0.17 (-4.22%)

10:10
07/16/18
07/16
10:10
07/16/18
10:10
Recommendations
Gogo analyst commentary  »

Gogo transformation plan…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FOXA

21st Century Fox

$46.67

-0.885 (-1.86%)

10:10
07/16/18
07/16
10:10
07/16/18
10:10
Options
Repeat of bullish three-way spreads in 21st Century Fox »

Repeat of bullish…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jul

10:10
07/16/18
07/16
10:10
07/16/18
10:10
General news
U.S. business inventories rose 04% in May, with sales up 1.4%, as forecast »

U.S. business inventories…

CNXN

Connection

$34.08

(0.00%)

10:03
07/16/18
07/16
10:03
07/16/18
10:03
Downgrade
Connection rating change  »

Connection downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSLA

Tesla

$308.63

-10.17 (-3.19%)

10:01
07/16/18
07/16
10:01
07/16/18
10:01
Technical Analysis
Technical Take: Tesla has a small potential bearish pattern »

The shares were last down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

10:01
07/16/18
07/16
10:01
07/16/18
10:01
General news
Business Inventories data reported »

May Business Inventories…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.