Full House Resorts initiated with an Outperform at JMP Securities

JMP Securities analyst Jordan Bender initiated coverage of Full House Resorts with an Outperform rating and $13 price target. Behind the leadership of industry veterans, Full House will invest $700M in Illinois and Colorado, growing its EBITDA six-times in a five-year span, Bender tells investors in a research note. The multi-year expansion of the portfolio is projected to result in the highest-growing company in gaming, supporting strong underlying cash flow at completion, says the analyst.