Gaming and Leisure (GLPI) PT Raised to $50 at Scotiabank

Scotiabank analyst Nicholas Yulico raised the price target on Gaming and Leisure (NASDAQ: GLPI) to $50.00 (from $48.00) while maintaining a Sector Perform rating.

The analyst commented: "We adjusted our estimates to include (1) these newly announced transactions, (2) an updated SOFR curve (down ~20bp on average in 2025), and (3) CQ Baton Rouge construction financing. Our 2024/2025 AFFOPS estimates are now $3.76/$3.93 (from $3.74/$3.85). Our one-year price target of $50.00 (from $48.00) is based on a 12.5x 2025E AFFOPS multiple (unchanged)."

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