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Macau Still Risky, But Morgan Stanley Sees 30% Upside In Wynn Resorts
Tuesday, March 22, 2016 - 9:29am | 292Read More...Morgan Stanley’s Thomas Allen upgraded the rating on Wynn Resorts, Limited (NASDAQ: WYNN) to Overweight, with a price target of $120. Upside Potential While pointing out that the company had navigated the deteriorating Asian gaming market proficiently, and that the market appeared to be...
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Time To Sell Lodging Stocks? Morgan Stanley Downgrades En Masse
Thursday, March 17, 2016 - 11:26am | 369Read More...Morgan Stanley’s Thomas Allen downgraded the rating on the Lodging Industry to In-Line, mentioning that the stocks had gained 16 percent in the last 30 days. While historical mid-cycle multiples have been in the 11-12x range and lodging companies are better run now, in terms of higher...
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MGM Resorts Shares Spike Following Plans To Create A REIT
Thursday, October 29, 2015 - 8:04am | 519Read More...Shares of MGM Resorts International (NYSE: MGM) spiked higher by nearly 10 percent Thursday morning. The company said that it will create a controlled real estate investment trust (REIT). Activist investor Land and Buildings acquired a stake in MGM and pushed management to implement a...
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Morgan Stanley Sees MGM's Profit Growth Plan Driving An Inflection Point In Stock
Wednesday, October 28, 2015 - 3:07pm | 381Read More...MGM Resorts International (NYSE: MGM) shares have lost 4 percent in six months, even after hitting a high of $22.64 on August 17. Morgan Stanley’s Thomas Allen maintained an Overweight rating on the company, with a price target of $26. Allen expects the company’s profit growth...
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Xenia Hotels: The Hottest Way To Play U.S. Lodging?
Tuesday, October 13, 2015 - 10:45am | 320Read More...Xenia Hotels & Resorts, Inc. (NYSE: XHR) has seen a 16.73 percent decline in its share price over the last six months, hitting a low of $17.35 on September 29. Morgan Stanley’s Thomas Allen has upgraded the rating on the company to Overweight, with a price target of $22. Allen...
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Airbnb Isn't Killing Hotels Yet
Wednesday, September 23, 2015 - 3:12pm | 501Read More...Airbnb and HomeAway, Inc. (NASDAQ: AWAY) are two names that are said to be "disrupting" the traditional hotel business. Thomas Allen of Morgan Stanley argued in a note on Tuesday that the impact these companies have on the hotel business "appears negligible." Allen recommended owning hotel and...
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Why H&R Block Is Spiking On Wednesday Morning
Wednesday, September 2, 2015 - 8:29am | 332Read More...Following its earnings report Tuesday night, H & R Block Inc (NYSE: HRB) was indicated more than 6 percent higher in pre-market trading. Morgan Stanley and Wedbush analysts reiterated their Overweight and Outperform ratings on the stock, while raising their respective price targets...
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Sell-Side Analysts Mixed On Las Vegas Sands Before Earnings
Wednesday, July 22, 2015 - 1:47pm | 401Read More...What do Las Vegas Sands Corp. (NYSE: LVS) shareholders have to expect when the company reports earnings Wednesday afternoon? According to Estimize, Wall Street consensus estimates predict earnings per share (EPS) of $0.61 on $2.97 billion in revenue for the quarter. However, not all analysts...
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Morgan Stanley Says Macau Worse Than Expected, Singapore And Vegas 'Roughly' In Line
Thursday, April 23, 2015 - 9:02am | 289Read More...In a report published Thursday, Morgan Stanley analyst Thomas Allen commented on Las Vegas Sands Corp. (NYSE: LVS)'s first quarter results in which Macau EBITDA was worse than expected while Singapore and Las Vegas were "roughly" in-line with expectations. Allen noted that Macau EBITDA of $528...
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Analyst Sees Slog For U.S. Online Gaming Legislation
Tuesday, March 31, 2015 - 11:43am | 343Read More...California and Pennsylvania won't pass legislation permitting online poker games until 2016, with a market roll-out likely there during the following year, an analyst said Monday. Morgan Stanley's Thomas Allen cut his 2020 forecast on the U.S. online gambling industry to $2.7 billion,...
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Morgan Stanley Downgrades Wynn Resorts Amid Concerns Over Macau's Market Growth
Monday, March 16, 2015 - 9:19am | 207Read More...In a report issued Monday covering the Gaming & Lodging Industry, Morgan Stanley downgraded Wynn Resorts, Limited (NASDAQ: WYNN) from Overweight to Equal-Weight amid concerns over the Macau market. Morgan Stanley also lowered Wynn Resorts' price target from $185 to $145. Analysts Thomas Allen,...
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Morgan Stanley Analyst: Casino Operators Buoyed In Vegas, Still Sunk In Macau
Monday, March 2, 2015 - 3:41pm | 287Read More...Relatively strong revenue growth in Las Vegas might help casino stocks with big stakes there fend off weak performance in the far larger Macau market, an analyst said Monday. Morgan Stanley's Thomas Allen, who maintains an "attractive" rating on the industry, said January's 10...
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Morgan Stanley Lowers Price Target On Las Vegas Sands Following 4Q14 Earnings
Monday, February 2, 2015 - 9:03am | 98Read More...In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Equal-Weight rating on Las Vegas Sands Corp. (NYSE: LVS), but lowered the price target from $60.00 to $58.00. In the report, Morgan Stanley noted, “We are reducing our '15e property EBITDA by 3% to $4.87B (4% below cons...
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UPDATE: Morgan Stanley Lowers Price Target On La Quinta Holdings On Opportunity From Selloff
Wednesday, January 21, 2015 - 10:46am | 92Read More...In a report published Wednesday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on La Quinta Holdings (NYSE: LQ), but lowered the price target from $27.00 to $24.00. In the report, Morgan Stanley noted, “While we see LQ's oil industry exposure as risk to '15 consensus, after...
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Morgan Stanley Still Bearish On Macau Stocks
Wednesday, December 10, 2014 - 5:15pm | 314Read More...Macau casino stocks continue to present investment risk and won't regain their attraction until at least the middle of 2015, an analyst said Wednesday. Stocks in the sector have ticked up in the past several weeks as investors seemed to believe that sentiment toward the sector had hit...
