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BYD

Boyd Gaming

$34.40

-0.67 (-1.91%)

, CZR

Caesars

$9.80

(0.00%)

04:55
08/14/18
08/14
04:55
08/14/18
04:55

Morgan Stanley to hold a field trip

2018 Las Vegas Gaming Field Trip travels throughout Las Vegas visiting various companies and casinos on August 13-14.

BYD

Boyd Gaming

$34.40

-0.67 (-1.91%)

CZR

Caesars

$9.80

(0.00%)

GAN

Gainsco

$0.00

(0.00%)

LVS

Las Vegas Sands

$67.08

-0.77 (-1.13%)

MGM

MGM Resorts

$29.03

0.16 (0.55%)

RRR

Red Rock Resorts

$30.84

(0.00%)

WYNN

Wynn Resorts

$148.00

-0.53 (-0.36%)

  • 14

    Aug

  • 10

    Sep

BYD Boyd Gaming
$34.40

-0.67 (-1.91%)

05/14/18
JEFF
05/14/18
NO CHANGE
JEFF
Jefferies says Penn National, Caesars among winners from sports gaming ruling
After the Supreme Court ruled that the PASPA provision prohibiting state authorization of organized sports gambling violates the tenth amendment, Jefferies analyst David Katz reiterated his view on which companies are positioned to be key beneficiaries of the decision. He continues to identify Penn National (PENN) and Caesars (CSR) as among the top winners in terms of casino operators, followed by Eldorado Resorts (ERI), Churchill Downs (CHDN), Boyd Gaming (BYD), Monarch Casino (MCRI), and MGM Resorts (MGM). He also sees "location-agnostic" suppliers Scientific Games (SGMS) and International Game (IGT) as winners, Katz tells investors.
05/01/18
LEHM
05/01/18
UPGRADE
Target $40
LEHM
Overweight
Boyd Gaming upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Felicia Hendrix upgraded Boyd Gaming to Overweight and raised her price target for the shares to $40 from $33. The consumer remains strong, particularly in Las Vegas, while Boyd is embarking on profitability enhancing initiatives across is portfolio, Hendrix tells investors in a research note.
03/13/18
TLSY
03/13/18
INITIATION
TLSY
Market Perform
Boyd Gaming initiated with a Market Perform at Telsey Advisory
05/15/18
BOFA
05/15/18
NO CHANGE
BOFA
Supreme Court ruling on sports betting positive for regionals, game tech, says BofA/Merrill
BofA/Merrill analyst Shaun Kelley notes that the Supreme Court ruled 6-3 to repeal the Professional and Amateur Sports Protection Act, which had effectively banned full sports betting in every state except Nevada. While the analyst expects operator margins to be low, he sees upside for all of regional gaming, while gaming tech could be a key beneficiary. Reflecting sports betting in higher multiples, Kelley raised his price targets for Boyd Gaming (BYD) to $45 from $42, Penn National (PENN) to $36 from $32, Scientific Games (SGMS) to $70 from $60, and International Game (IGT) to $36 from $34.
CZR Caesars
$9.80

(0.00%)

06/19/18
OPCO
06/19/18
NO CHANGE
Target $15
OPCO
Outperform
Caesars runway for growth remains strong, says Oppenheimer
Oppenheimer analyst Ian Zaffino said Caesars management sees significant upside from the legalization of sports betting, though they note the ramp could be mild. Management also remains confident Caesars can deliver above-market RevPAR growth and near-industry-leading margins. Following his management meetings, Zaffino remains bullish on Caesars and maintains an Outperform rating and $15 price target on the shares.
07/23/18
BOFA
07/23/18
INITIATION
Target $14
BOFA
Buy
Caesars initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Shaun Kelley initiated Caesars with a Buy and $14 price target. Kelley is positive on Caesars internal growth opportunities, including room renovations and cost optimization, the favorable backdrop for both Vegas and regional gaming, and continued M&A in the sector.
05/24/18
JPMS
05/24/18
INITIATION
Target $16
JPMS
Overweight
Caesars initiated with an Overweight at JPMorgan
JPMorgan analyst Dan Politzer started Caesars Entertainment with an Overweight rating and $16 price target. The company's Las Vegas Strip renovations should boost the average daily rate and improve customer mix, Politzer tells investors in a research note. He also sees opportunity for Caesars to improve margins at regional properties. The analyst views the stock as attractively valued at current levels.
05/24/18
05/24/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Broadcom (AVGO) initiated with an Outperform at Evercore ISI. 2. Caesars (CZR) initiated with an Overweight at JPMorgan. 3. e.l.f. Beauty (ELF) initiated with an Outperform at Oppenheimer. 4. uniQure (QURE) initiated with a Buy at SunTrust. 5. Marinus Pharmaceuticals (MRNS) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GAN Gainsco
$0.00

(0.00%)

LVS Las Vegas Sands
$67.08

-0.77 (-1.13%)

07/05/18
MSCO
07/05/18
NO CHANGE
MSCO
Pullback in Macau gaming names a buying opportunity, says Morgan Stanley
Morgan Stanley analyst Thomas Allen believes the recent selloff in Macau gaming stocks is overdone, as he contends the fact that Macau's gaming revenue growth has missed on the headline for two months in a row is attributable to rising expectations, foreign exchange impacts and likely an improper factoring in of seasonality and the World Cup. Q2 gross gaming revenue growth of 17.2% still beat his forecast of 16%, noted Allen, who said Las Vegas Sands (LVS) continues to be his favored gaming name. He also has an Overweight rating on MGM Resorts (MGM). Allen keeps an Equal Weight rating on Wynn Resorts (WYNN), but sees the stock becoming increasingly attractive if Macau is still "very healthy," as he suspects.
08/13/18
FBCO
08/13/18
INITIATION
Target $72
FBCO
Neutral
Las Vegas Sands initiated with a Neutral at Credit Suisse
Credit Suisse analyst Cameron McKnight started Las Vegas Sands with a Neutral rating and $72 price target. The analyst believes the short to medium term outlook in Macau is "less certain" and views the current valuation as reasonable.
07/20/18
MSCO
07/20/18
NO CHANGE
MSCO
MGM Resorts forecast lowered at Morgan Stanley to account for Macau share loss
Morgan Stanley analyst Thomas Allen, in his preview of Q2 results for the Gaming names he covers, noted that Macau GGR increased 17% in Q2, which was above his estimate of 16% growth. He also said he expects Las Vegas has had a "relatively good" quarter, noting RevPAR in April-May was up 6% and June has a "relatively easy" comparison. Allen lowered his Q2 consolidated property EBITDA estimate for MGM Resorts (MGM) by 2%, factoring in more share loss at the Peninsula property and worse hold as well as lower MGM Cotai EBITDA, and he lowered his price target on MGM to $38 from $39. He raised his Q2 consolidated property EBITDA estimate for Las Vegas Sands (LVS) by 1% and keeps an $86 price target on the stock. He raised his Q2 property EBITDA view for Wynn (WYNN) by 3% and keeps a $200 price target on its shares. Allen has Overweight ratings on Las Vegas Sands and MGM and an Equal Weight rating on Wynn Resorts.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
MGM MGM Resorts
$29.03

0.16 (0.55%)

07/11/18
JPMS
07/11/18
NO CHANGE
Target $37
JPMS
Overweight
MGM Resorts should be bought into back half of year, says JPMorgan
JPMorgan analyst Joseph Greff recommends buying shares of MGM Resorts heading into the back half of 2018. The stock offers an attractive risk/reward and setup for 2019, Greff tells investors in a research note. The analyst attributes the 10% year-to-date selloff to MGM's lowered 2018 guidance in April, an "uninspiring" investor day in May, and "disappointing" Macau market-wide gross gaming revenue growth in May and June. He believes most of the issues that have caused 2018's underperformance are transitory and that expectations are "reasonably/incredibly low." Greff lowered his price target for MGM shares to $37 from $41 and keeps an Overweight rating on the name.
08/13/18
FBCO
08/13/18
INITIATION
Target $31
FBCO
Neutral
MGM Resorts initiated with a Neutral at Credit Suisse
Credit Suisse analyst Cameron McKnight started MGM Resorts with a Neutral rating and $31 price target. The analyst thinks MGM is losing some market share in Las Vegas and that Macau could be volatile in the next 12-18 months.
RRR Red Rock Resorts
$30.84

(0.00%)

03/13/18
TLSY
03/13/18
INITIATION
TLSY
Market Perform
Red Rock Resorts initiated with a Market Perform at Telsey Advisory
05/08/18
NOMU
05/08/18
INITIATION
Target $39
NOMU
Buy
Red Rock Resorts initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Henry Curtis started Red Rock Resorts with a Buy rating and $39 price target.
04/03/18
04/03/18
DOWNGRADE

Neutral
Red Rock Resorts downgraded to Neutral on valuation at Macquarie
As previously reported, Macquarie downgraded Red Rock Resorts to Neutral from Buy. Analyst Chad Beynon said shares reflect the future equity value from Palms and Palace Station and lowered his price target to $32 from $34 on shares.
04/03/18
MACQ
04/03/18
DOWNGRADE
MACQ
Neutral
Red Rock Resorts downgraded to Neutral from Outperform at Macquarie
WYNN Wynn Resorts
$148.00

-0.53 (-0.36%)

08/13/18
FBCO
08/13/18
INITIATION
Target $155
FBCO
Neutral
Wynn Resorts initiated with a Neutral at Credit Suisse
Credit Suisse analyst Cameron McKnight started Wynn Resorts with a Neutral rating and $155 price target. The company;s is levered to Macau's growth, but the short-term outlook for the region is "less certain," the analyst contends. Further, a breakup or sale of the company is "not assured, and not necessarily accretive," McKnight tells investors in a research note.
08/07/18
ARGS
08/07/18
DOWNGRADE
ARGS
Hold
Wynn Resorts downgraded to Hold from Buy at Argus
08/07/18
ARGS
08/07/18
DOWNGRADE
ARGS
Hold
Wynn Resorts downgraded to Hold at Argus on Macau revenue concerns
As reported earlier, Argus analyst John Staszak downgraded Wynn Resorts to Hold after its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. The analyst adds that he is worried about potential cannibalization of Wynn Macau by Wynn Palace, the impact of China government's money laundering efforts, and a casino smoking ban, along with rising compensation costs pressuring margins. As part of his research note, Staszak also lowers his FY18 EPS forecast on Wynn to $7.40 from $8.10 and FY19 forecast to $9.10 from $9.50.
08/07/18
08/07/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Zillow (Z, ZG) downgraded to Neutral from Buy at BofA/Merrill with analyst Nat Schindler saying the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook cut, and other revenue also missed, indicating new construction opportunity is also taking longer to materialize. 2. CBS (CBS) downgraded to Hold from Buy at Argus with analyst Joseph Bonner citing significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIAB) merger. 3. Extraction Oil & Gas (XOG) downgraded to Neutral from Outperform at Macquarie with analyst Paul Grigel citing increased risk from Colorado Initiative 97. 4. Wynn Resorts (WYNN) downgraded to Hold from Buy at Argus with analyst John Staszak citing its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. 5. Dentsply Sirona (XRAY) downgraded to Neutral from Outperform at Baird. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SSTI

ShotSpotter

$62.02

-0.44 (-0.70%)

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WHITF

Whitehaven Coal

$0.00

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Woolworths

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03:45
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KKR

KKR

$28.12

-0.13 (-0.46%)

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A

Agilent

$70.38

0.43 (0.61%)

21:11
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Agilent acquires ACEA Bioscience for $250M in cash »

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EQM

EQT Midstream Partners

$52.64

-2.16 (-3.94%)

20:58
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FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

20:42
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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

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$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

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ARCE

Arco Platform

$0.00

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KMX

CarMax

$75.87

-0.01 (-0.01%)

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