Brean Murray Upgrades Ameristar Casinos (ASCA) to Buy

May 9, 2008 9:41 AM EDT

Brean Murray upgrades Ameristar Casinos (Nasdaq: ASCA) from Hold to Buy with a $23 price target.

The firm cited "more confidence in Ameristar's ability to grow EBITDA in the important St. Louis market, prospects for a strong return at the upcoming expansion at Vicksburg, a 1Q08 earnings report that was in line with expectations, and an attractive valuation"


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