Thomas Allen

In a report published Monday, Morgan Stanley analyst Thomas Allen upgraded the rating on LaSalle Hotel Properties (NYSE: LHO) from Underweight to Overweight, and raised the price target from $35.00 to $45.00. In the report, Morgan Stanley noted, “We see the US hotel transaction market heating up in...

In a report published Thursday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Las Vegas Sands Corp. (NYSE: LVS), but lowered the price target from $72.00 to $71.00. In the report, Morgan Stanley noted, “Macau results beat expectations despite concerns that expense pressures...

The meltdown in Macau casino stocks is a buying opportunity for long-term investors, an analyst said Wednesday. Gaming stocks have slid an average of 24 percent since March, as a Chinese corruption crackdown amid a weak Asian economy cut Macau revenue growth to zero from an annual rate of 20...

In a note released Wednesday morning, Morgan Stanley analyst Thomas Allen downgraded shares of Boyd Gaming Corporation (NYSE: BYD) from Overweight to Equal-weight and lowered the price target from $12 to $11. The downgrade is based on a slower-than-expected ramp in the U.S. online gaming sector...

Many hotel stocks trended down Wednesday after Marriott International (NASDAQ: MAR) missed second-quarter revenue expectations by 1.4 percent. The company beat the top-line consensus by nearly six percent and offered a third-quarter outlook in line with views. But that didn't prevent its...

In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Starwood Hotels & Resorts Worldwide (NYSE: HOT), and raised the price target from $86.00 to $92.00. In the report, Morgan Stanley noted, “HOT's CFO left on May 30 after 10 years with the company...

In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Las Vegas Sands (NYSE: LVS), but lowered the price target from $87.00 to 83.00. In the report, Morgan Stanley noted, “Expect LVS to outperform in Macau, driven by LVS' high exposure to mass vs. VIP...

In a note released Thursday morning, Morgan Stanley analyst Thomas Allen provided some insight into the firm's view on Las Vegas Sands (NYSE: LVS) following a miss in its second quarter 2014 earnings results. Shares of Las Vegas Sands are down 2.5 percent in Thursday's pre-market as the...

In a report published Tuesday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on H&R Block (NYSE: HRB), but removed the $38.00 price target. In the report, Morgan Stanley noted, “New Affordable Care Act (ACA) tax forms could come out as soon as this week. We expect that...

Morgan Stanley and Morgan Stanley Asia Limited gave an overview on casino stocks in Las Vegas and Macau. U.S. Outlook Overview Morgan Stanley analyst Thomas Allen lowered 2014 Macau growth estimates in a note published Tuesday. Despite near-term concerns, the analyst remains confident for...

In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on H&R Block (NYSE: HRB), and raised the price target from $35.00 to $38.00. In the report, Morgan Stanley noted, “We're updating our estimates and increasing our PT to $38 (from $35) following HRB...

In a report published Thursday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on MGM Resorts International (NYSE: MGM), but removed the $31.00 price target. In the report, Morgan Stanley noted, “According to the Associated Press and CBS, the Massachusetts Gaming Commission '...

Morgan Stanley on Thursday saw no value in MGM Resorts International (NYSE: MGM) stock, after news of the resort's recent opportunity to obtain a gaming license from the Massachusetts Gaming Commission was possible for MGM's $800 million property in Springfield. Though the decision to award MGM...

In a report published Thursday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Las Vegas Sands (NYSE: LVS), but removed the $90.00 price target. In the report, Morgan Stanley noted, “LVS' shareholder meeting highlighted many of the positive attributes that we like about the...