Monarch Casino Impresses With Record Results — Stock Expected to Open With gap-up!
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Monarch Casino & Resort operates several casino resorts, including the Monarch Casino Resort Spa in Black Hawk, Colorado. The focus is on customer service and cost efficiency. On July 16, the company reported record results for the second quarter, with both profit and revenue exceeding expectations. Wells Fargo upgraded the stock from Underweight to Equal Weight with a price target of $89, citing the "strong" operational execution, the "reasonable" valuation at the current stock level, with a P/E ratio of 17, and the visible free cash flow....
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