Monarch Casino & Resort rises after brokerage upgrades to 'buy', boosts PT

• January 14, 2025

** Shares of Monarch Casino & Resort MCRI up 4% at $82.05

** Truist Securities raises rating on the stock to "buy" from "hold", increases PT to $100 from $82

** Brokerage expects co to benefit from completed renovations in Reno, Nevada and a strong balance sheet that positions it well for potential M&A activities

** Four of 5 brokerages rate the stock "hold" and one "sell"; median PT $79, according to data compiled by LSEG

** Shares up ~4.7% YTD