Century Casinos Sees ‘Green Shoots Across Several Areas Within Its Business,’ Says Bullish Analyst
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Century Casinos, Inc. (NASDAQ:CNTY) shares continued an upward trajectory Tuesday, after climbing around 65% over the past month.
The completion of the land-based facility in Caruthersville, Missouri, marked the end of “an M&A and refurbishment cycle” across the company’s U.S. portfolio, according to JMP Securities.
Analyst Jordan Bender upgraded the rating for Century Casinos from Market Perform to Market Outperform, while establishing a price target of $5.
The Century Casinos Thesis: With the end of its capex cycle, the company’s focus on execution would likely generate EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring costs) …
Full story available on Benzinga.com
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