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Citi Ups 2017 Macau Gaming Revenue Forecast To +10%
Tuesday, November 29, 2016 - 2:27pm | 373Read More...With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter For Macau In a new report, Citi analyst Anil...
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Following Red Rock's Q2 Results, Citi's Buy Rating Unchanged
Tuesday, August 16, 2016 - 1:22pm | 245Read More...Citi maintained its Buy rating on Red Rock Resorts Inc (NASDAQ: RRR) despite the company's Q2 EPS missing estimates. However, the results came in line with Citi estimates. The brokerage's bullish stance is based on the thesis that Red Rock is a major beneficiary of a continuing recovery...
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Citi: Institutional Investors Don't See Eye-To-Eye On Macau
Tuesday, May 31, 2016 - 10:05am | 321Read More...In the past six weeks, Citi analyst Anil Daswani has met with more than 100 institutional investors from around the world to discuss the outlook for Macau gaming stocks. According to Daswani, investors are still cautious on Macau, but many admit that the long-term free cash flow (FCF) story is...
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Citi Thinks MGM Growth Properties Has An Attractive Yield
Tuesday, May 17, 2016 - 8:21am | 318Read More...Citi has initiated coverage of MGM Growth Properties LLC (NYSE: MGP) with a Neutral rating and $22.50 price target, citing attractive and sustainable dividend yield. While the reasons cited sound more positive than a Neutral rating, the analysts justified it by stating that most of the positives...
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Macau's Wynn Palace Will Be A Game Changer
Wednesday, April 13, 2016 - 9:01am | 308Read More...Despite Wynn Resorts, Limited (NASDAQ: WYNN) being the “best share price performer” year-to-date, Citi’s Anil Daswani believes that there is plenty of upside potential remaining. The analyst maintained a Buy rating on the company, while raising the price target from $101 to $...
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Citi Slashes Price Targets For Raft Of Macau Casinos
Friday, August 8, 2014 - 1:57pm | 400Read More...Target prices on a big raft of Macau casinos were slashed by double digits at Citi Research Friday in the face of shrinking revenue. "We remain bullish on the sector but it's prudent to reset expectations" in light of lower revenue, Citi's Anil Daswani said in a note Friday...
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Analysts Tout MGM's Swing To Q2 Profit On Las Vegas Recovery
Wednesday, August 6, 2014 - 11:56am | 297Read More...MGM Resorts International (NYSE: MGM) beat the second-quarter earnings consensus by a wide view and a couple of analysts continued to tout the company's prospects. Citigroup's Anil Daswani reiterated a Buy and $34 price target, citing a recovery in Las Vegas. Revenue from Las Vegas grew...
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Citigroup Remains Optimistic on Gaming Sector: Notes Macau Growth & Improving RevPAR in Vegas
Thursday, June 12, 2014 - 4:24pm | 527Read More...On Wednesday, Citigroup analyst Anil Daswani analyzed the Macau gaming sector. The analyst maintained a Buy rating on four big names, optimistic on growth in Macau and improving RevPAR in Vegas. Macau Gaming Sector For Macau Gaming, Citigroup maintains a bullish stance. Daswani commented, "We...
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Las Vegas Sands Shares Up Following Citi's Addition To Its 'Asia Pacific Focus List'
Thursday, May 29, 2014 - 2:15pm | 158Read More...In a note released Thursday, Citi analyst Anil Daswani reiterated the firms Buy rating of Las Vegas Sands (NYSE: LVS) and has set a price target of $97. Daswani believes that gross gaming revenue will continue to be driven by the structural demographic story of Macau. Furthermore, Daswani...
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Citi Unveils 2014 Global Gaming Outlook
Wednesday, January 8, 2014 - 4:01pm | 682Read More...On Tuesday, a team of analysts led by Anil Daswani at Citigroup (NYSE: C) released an outlook for the global gaming market. The analysts are bullish on the entire industry, using profound terms to describe 2014 as a “watershed year” for U.S. and Macau based gaming stocks. Macau: still room to...
