Truist Securities Maintains Buy on Monarch Casino & Resort, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas has maintained a 'Buy' rating on Monarch Casino & Resort (NASDAQ:MCRI) but lowered the price target from $95 to $90.
October 18, 2023 | 4:35 pm
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NEUTRAL IMPACT
Monarch Casino & Resort's price target has been lowered from $95 to $90 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities may cause some short-term uncertainty among investors, potentially impacting the stock's price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100