Analysts deem Monarch Casino & Resorts third quarter earnings as “solid”
Photo: CDC Gaming Reports
“Solid” was the word two Wall Street analysts repeatedly employed to describe Monarch Casinos & Resorts’ third-quarter results, after the gaming company released its latest numbers on Tuesday. Truist Securities analyst Barry Jonas characterized Monarch as the bellwether for regional gaming stocks. He said he was keeping his Buy rating on it “and continue to appreciate Monarch’s high-quality, wholly owned assets,” in addition to its prospects for mergers or acquisitions. Jefferies Equity Research analyst David Katz shaded his plaudits somewhat differently.
Source: CDC Gaming Reports
