Investing.com — Jefferies up to date its scores on a number of gaming shares amid progress prospects for 2025 and strategic developments throughout the sector.
The brokerage upgraded Boyd Gaming (NYSE:BYD) and Las Vegas Sands (NYSE:LVS) to “purchase” on capital tasks and stability sheet power.
However Crimson Rock Resorts (NASDAQ:RRR) was downgraded to “maintain” on its capital spending cadence by way of 2026.
Churchill Downs (NASDAQ:CHDN) stays Jefferies’ high choose, supported by accelerating EBITDA progress and leverage enchancment.
Jefferies famous that Las Vegas demand is predicted to stay sturdy amid constrained provide, with Caesars (NASDAQ:CZR) Leisure and MGM Resorts (NYSE:MGM) seen as undervalued regardless of operational challenges.
Macau’s restoration continues however lags pre-COVID ranges, with latest Chinese language financial stimulus providing modest help. LVS is seen gaining market share on account of new suites, whereas Wynn Resorts (NASDAQ:WYNN) faces slight declines.
In regional markets, competitors and financial uncertainty are prone to preserve progress uneven. PENN Leisure and CZR are poised for capital progress, whereas PENN’s strategic pivots might drive good points.
(Bloomberg) -- Subscribe to Economics Each day for the newest information and evaluation. After cruising…
People are feeling more and more downbeat in regards to the financial outlook. Some Wall…
President Trump backed away from his threats to take away Federal Reserve Chair Jerome Powell.…
(Bloomberg) -- Federal worker pension advantages are set to be pared again in Republicans’ big…
Eric Thayer/Bloomberg by way of Getty Photos The U.S. GDP is anticipated to have grown…
By Francesco Canepa, Jan Strupczewski and Leika Kihara WASHINGTON (Reuters) -International policymakers gathering in Washington…