Macquarie raised the firm’s price target on Monarch Casino to $76 from $75 and keeps a Neutral rating on the shares following the Q1 report. Although the company’s organic growth prospects are moderating, Macquarie maintains a positive view given Monarch’s “industry leading” returns on invested capital and consistent free cash flow, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
