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Fly News Breaks for January 8, 2020
CZR, LVS, NCLH, SGMS, OSW, ERI
Jan 8, 2020 | 07:13 EDT
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.
News For ERI;OSW;SGMS;NCLH;LVS;CZR From the Last 2 Days
LVS
Jan 19, 2022 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 1... To see the rest of the story go to thefly.com. See Story Here
LVS
Jan 19, 2022 | 12:25 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to thefly.com. See Story Here
LVS
Jan 19, 2022 | 06:30 EST
UBS analyst Robin Farley upgraded Las Vegas Sands to Buy from Neutral with a $53 price target.
LVS
Jan 18, 2022 | 10:05 EST
Bullish option flow detected in Las Vegas Sands with 31,395 calls trading, 4x expected, and implied vol increasing over 2 points to 54.26%. Jan-22 45 calls and Sep-22 25 calls are the most active options, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 0.20. Earnings are expected on January 26th.
CZR
Jan 18, 2022 | 07:19 EST
As previously reported, Morgan Stanley analyst Thomas Allen downgraded Sportradar (SRAD) to Equal Weight from Overweight with a price target of $19, down from $26. Sportradar's benchmark sports betting comps, Genius Sports (GENI) and DraftKings (DKNG), have de-rated, affecting his relative valuation call, Allen tells investors. In the current rising rate environment, he favors gaming industry stocks that are undervalued relative to history, have structurally stronger business models post- pandemic and generate significant free cash flow yields, said Allen, who adds that his preferred names in the space remain Boyd Gaming (BYD) and Caesars (CZR).