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Gaming Better In February, But Deutsche Bank Sees Trouble In March
Wednesday, March 2, 2016 - 5:02pm | 328Read More...Deutsche Bank said the gaming revenue trends were better in February, but sees a reversal in trend for the month of March. This is a negative read-through for gaming companies such as Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), Melco Crown Entertainment Ltd (ADR) (...
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Deutsche Bank Needs A Breather In Wynn, Remains 'A Believer'
Friday, February 19, 2016 - 11:06am | 224Read More...Deutsche Bank's Carlo Santarelli has maintained a Buy rating on Wynn Resorts, Limited (NASDAQ: WYNN), with a price target of $82. According to Santarelli, "the near term is likely to offer opportunities for longer term oriented investors to accumulate shares at lower levels, and presumably with...
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5 Reasons To Like Boyd Gaming Shares Following Q4 Results
Wednesday, February 17, 2016 - 4:04pm | 197Read More...Deutsche Bank recently released a note on Boyd Gaming Corporation (NYSE: BYD) after the company released strong 4Q15 earnings that beat analyst estimates. Boyd announced EBITDA of 154.2 million while net revenue was up 4.6 percent year-over-year to $158.8 million, beating estimates of $141.8 and...
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Wynn's Setup Is 'Compelling,' Says Deutsche Bank
Friday, February 12, 2016 - 11:51am | 258Read More...Deutsche Bank issued a note on Wynn Resorts, Limited (NASDAQ: WYNN) seeing an attractive short-term valuation in shares of the company. The firm rates Wynn Resorts as a Buy with a $82 price target. Analysts Carlo Santarelli and Danny Valoy wrote, "while there remains some risk to Consensus...
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Deutsche Bank Says Buy MGM Following SotP Analysis, 'Encouraging' Q4 Metrics
Friday, February 5, 2016 - 12:08pm | 248Read More...Deutsche Bank issued a report on MGM Resorts International (NYSE: MGM) after analysts noted that shares may be undervalued. The firm rates MGM Resorts as a Buy with a $28 price target. Analyst Carlo Santarelli wrote, "We conclude that shares are currently trading at what we would deem bear...
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Las Vegas Sands Has 'Favorable Bias' Ahead Of Earnings
Wednesday, January 27, 2016 - 2:36pm | 269Read More...As Q4 earnings season for casino operators kicks off, a pair of top Wall Street firms prefer Las Vegas Corp. (NYSE: LVS) as a top pick in the space ahead of earnings. In a new report, Susquehanna analyst Rachael Rothman said she doesn’t expect many surprises out of Sands and Macau rivals...
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Penn National Gaming Reaffirms Guidance; Deutsche Bank Still Likes Stock
Thursday, December 31, 2015 - 10:13am | 324Read More...Penn National Gaming, Inc (NASDAQ: PENN) shares have appreciated 18.21 percent year to date, from a low of $13.21 on January 6. Deutsche Bank’s Carlo Santarelli has maintained a Buy rating on the company, with a price target of $25. In a press release on December 30, the company...
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5 Reasons To Buy Boyd Gaming
Wednesday, December 16, 2015 - 2:38pm | 428Read More...Deutsche Bank remains bullish on U.S. regional casino operators headed into 2016. The firm sees the recent selloff as a buying opportunity. Deutsche Bank has upgraded Boyd Gaming Corporation (NYSE: BYD) from Hold to Buy. This year has been a solid year for U.S. regional casino operators, which...
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Wynn CEO Buys 1 Million Shares; Is Current Valuation Indicative Of 'Unearthed Value'?
Wednesday, December 9, 2015 - 10:59am | 327Read More...Shares of Wynn Resorts, Limited (NASDAQ: WYNN) have declined 58.46 percent year-to-date, from $148.76 on December 31, 2014. Deutsche Bank’s Carlo Santarelli has maintained a Buy rating on the company, with a price target of $82. The company announced after market close on December 8 that its...
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MGM Resorts Shares Spike Following Plans To Create A REIT
Thursday, October 29, 2015 - 8:04am | 519Read More...Shares of MGM Resorts International (NYSE: MGM) spiked higher by nearly 10 percent Thursday morning. The company said that it will create a controlled real estate investment trust (REIT). Activist investor Land and Buildings acquired a stake in MGM and pushed management to implement a...
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Catalysts Cause A Difficult Sell Call For Scientific Games
Tuesday, September 1, 2015 - 10:37am | 275Read More...Scientific Games Corp (NASDAQ: SGMS) shares have lost 25 percent in the past month, despite a 14 percent jump over the last five trading days. Deutsche Bank’s Carlo Santarelli upgraded the company from Sell to Hold, while maintaining the price target at $10. Although there are...
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Calls Of Note: The Street's Research Moving Stocks This Wednesday
Wednesday, August 5, 2015 - 1:38pm | 1299Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Bank Of America: Downgrading Vishay To Underperform Ruplu Bhattacharya of Bank of America downgraded shares of Vishay Intertechnology (NYSE: VSH)...
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Deutsche Bank's Macau Visit: 5 Positives And 5 Negatives
Monday, June 29, 2015 - 1:04pm | 480Read More...Deutsche Bank analysts recently took a trip to the top gambling hub in the world, Macau, China, to get a first-hand look at the struggling gaming industry. This week, analyst Carlo Santarelli released a report with a list of five positive and five negative takeaways from the firm’s Macau...
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Casino Stocks Unmoved By 7.8% April Revenue Gain On Vegas Strip
Friday, May 29, 2015 - 1:26pm | 263Read More...Casino stocks were largely unmoved Friday by a report from state regulators that Las Vegas Strip gambling revenue rose by a higher-than-expected 7.8 percent in April to $498.9 million. MGM Resorts International (NYSE: MGM), which gets about half its revenue from Las Vegas operations, traded up...
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A Rocky Earnings Season For Macau Gaming Sector?
Thursday, April 23, 2015 - 9:04am | 440Read More...Las Vegas Sands Corp. (NYSE: LVS) may miss expectations when it kicks off the first-quarter earnings season for Macau gaming stocks, an analyst said. Deutsche Bank's Carlo Santarelli recently trimmed 4 percent from his target on Sands to $47 and sees the company's first-quarter adjusted...
