Truist analyst Barry Jonas raised the firm’s price target on Monarch Casino to $74 from $72 and keeps a Hold rating on the shares. The company’s Q4 EBITDA exceed estimates, property growth outpaced the market at both properties, suggesting share gains, and the management’s tone seemed more positive than in recent calls, noting less macro concerns, the analyst tells investors in a research note.
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Read More on MCRI:
- Monarch Casino Announces Cash Dividend for Shareholders
- Monarch Casino & Resort Reports 2023 Fourth Quarter Financial Results
- MCRI Upcoming Earnings Report: What to Expect?
- Monarch Casino & Resort to Report 2023 Fourth Quarter Results After Market Close on February 14
- Monarch Casino price target raised to $72 from $65 at Truist
