Deutsche Bank Initiates Coverage on 12 Stocks Within Gaming Industry
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Price: $45.82 -0.04%
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Deutsche Bank is initiating coverage on 12 stocks within the gaming industry.
The firm believes that there still is room for slight upside given "continued upward estimate revisions for the Macau gaming market, improving operating leverage, appropriate buy-side expectations for the methodical recovery of the LV Strip, reasonable valuations, and considerable unaccounted for pipeline / option value."
In the gaming equipment segment, Deutsche feels that it will continue to underperform. The firm states comments that even with shares trading relatively low to their past history, there isn't enough upside to buy.
Deutsche is initiating coverage on Las Vegas Sands (NYSE: LVS) with a Buy rating and $61 price target.
Deutsche is initiating coverage on Penn National Gaming (Nasdaq: PENN) with a Buy rating and $52 price target.
Deutsche is initiating coverage on MGM Resorts (NYSE: MGM) with a Buy rating and $17 price target.
Deutsche is initiating coverage on Wynn Resorts (Nasdaq: WYNN) with a Buy rating and $198 price target.
Deutsche is initiating coverage on Scientific Games (Nasdaq: SGMS) with a Buy rating and $14 price target.
Deutsche is initiating coverage on Ameristar Casinos (Nasdaq: ASCA) with a Hold rating and $20 price target.
Deutsche is initiating coverage on Boyd Gaming (NYSE: BYD) with a Hold rating and $7 price target.
Deutsche is initiating coverage on Intl. Game Tech. (NYSE: IGT) with a Hold rating and $16 price target.
Deutsche is initiating coverage on Pinnacle Entertainment (NYSE: PNK) with a Hold rating and $14 price target.
Deutsche is initiating coverage on WMS Industries (NYSE: WMS) with a Hold rating and $23 price target.
The firm believes that there still is room for slight upside given "continued upward estimate revisions for the Macau gaming market, improving operating leverage, appropriate buy-side expectations for the methodical recovery of the LV Strip, reasonable valuations, and considerable unaccounted for pipeline / option value."
In the gaming equipment segment, Deutsche feels that it will continue to underperform. The firm states comments that even with shares trading relatively low to their past history, there isn't enough upside to buy.
Deutsche is initiating coverage on Las Vegas Sands (NYSE: LVS) with a Buy rating and $61 price target.
Deutsche is initiating coverage on Penn National Gaming (Nasdaq: PENN) with a Buy rating and $52 price target.
Deutsche is initiating coverage on MGM Resorts (NYSE: MGM) with a Buy rating and $17 price target.
Deutsche is initiating coverage on Wynn Resorts (Nasdaq: WYNN) with a Buy rating and $198 price target.
Deutsche is initiating coverage on Scientific Games (Nasdaq: SGMS) with a Buy rating and $14 price target.
Deutsche is initiating coverage on Ameristar Casinos (Nasdaq: ASCA) with a Hold rating and $20 price target.
Deutsche is initiating coverage on Boyd Gaming (NYSE: BYD) with a Hold rating and $7 price target.
Deutsche is initiating coverage on Intl. Game Tech. (NYSE: IGT) with a Hold rating and $16 price target.
Deutsche is initiating coverage on Pinnacle Entertainment (NYSE: PNK) with a Hold rating and $14 price target.
Deutsche is initiating coverage on WMS Industries (NYSE: WMS) with a Hold rating and $23 price target.
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