Monarch Casino (MCRI) Sees Price Target Reduced by Truist | MCRI Stock News

3 days ago

Truist has adjusted its price target for Monarch Casino & Resort Inc. (MCRI, Financial), lowering it from $105 to $100. Despite this reduction, the firm has maintained its Buy rating on the stock, suggesting confidence in the company's performance.

The decision comes after Monarch Casino reported strong first-quarter results, exceeding expectations in both revenue and profit margins. Truist highlights the company's stable performance trends and anticipates a consistent message of solid regional performance as the first-quarter earnings season unfolds.

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