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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:34 EDTWYNN, CZR, HOT, LVS, MGM, BYDNevada reports July statewide gaming win down 8% to $925.7M
Reports July Las Vegas Strip gaming win down 14.4% to $511.4M.
News For LVS;MGM;BYD;WYNN;CZR;HOT From The Last 14 Days
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September 26, 2014
09:33 EDTCZR, MGM, BYD, WYNN, LVSNevada reports August statewide gaming win down 3.66% to $920.29M
Nevada reports August Las Vegas Strip gaming win down 6.08% to $553.19M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
September 23, 2014
08:45 EDTBYDBofA/Merrill China and U.S. auto analysts hold analyst/industry conference call
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September 22, 2014
10:15 EDTLVS, WYNNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
07:37 EDTWYNN, MGM, LVSLarge-Cap Gaming sector downgraded at Wells Fargo
Wells Fargo downgraded the Large-Cap Gaming sector to Market Weight from Overweight while cutting its ratings on Las Vegas Sands (LVS), Wynn Resorts (WYNN) and Melco Crown (MPEL) to Market Perform from Outperform. Wells believes near-term uncertainty in Macau has increased, making the risk/reward on shares balanced for the next 6-12 months. The firm thinks second half of 2014 and 2015 EBITDA estimates still need to come down another 10%. Wells cuts its price target range for Las Vegas Sands to $60-$70 from $80-$85, for Wynn to $180-$200 from $245-$250 and for Melco to $28-$31 from $38-$40. The firm keeps a Market Perform rating on MGM Resorts (MGM) with a slightly reduced price target range of $23-$26.
07:12 EDTWYNNWynn Resorts downgraded to Market Perform from Outperform at Wells Fargo
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07:12 EDTLVSLas Vegas Sands downgraded to Market Perform from Outperform at Wells Fargo
September 19, 2014
10:06 EDTMGMOn The Fly: Analyst Downgrade Summary
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07:29 EDTMGMMGM Resorts downgraded to Hold from Buy at Argus
Argus downgraded MGM Resorts based on disappointing Macau gaming revenue.
September 18, 2014
06:47 EDTWYNN, LVS, MGMMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 17, 2014
15:36 EDTCZRCaesar's senior lenders drawn into debt restructuring talks, Bloomberg says
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07:35 EDTBYDImperial Capital to hold a conference
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September 16, 2014
17:03 EDTBYDBoyd Gaming reaffirms FY14 total adjusted EBITDA view $580M-$600M
17:02 EDTBYDBoyd Gaming COO Paul Chakmak to leave company
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16:33 EDTHOTStarwood continues to expand Latin American portfolio
From the South American Hotel Investment Conference in Quito, Starwood Hotels & Resorts Worldwide announced that it is continuing its aggressive growth strategy in Latin America with significant gains across its Specialty Select Brandsí, Four Points by Sheraton and Aloft. Currently, Starwood operates 80 hotels in the region, with 17 additional properties under development. The company also announced the appointment of Victor Vazquez to the role of Vice President, Development and Acquisitions for Latin America.
16:00 EDTLVSOptions Update; September 16, 2014
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14:29 EDTWYNNMassachusetts votes to award license to Wynn Resorts
The Massachusetts Gaming Commission stated on its official Twitter feed that it voted 3-1 to award the Region A license to Wynn. Reference Link
13:52 EDTMGM, LVS, WYNNMacau casino owners drop after negative note from analyst
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11:22 EDTWYNN, LVS, MGMMorgan Stanley sees negative revisions to Macau consensus estimates
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09:51 EDTMGMMGM Resorts falls, levels to watch
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09:17 EDTHOTStarwood says Aloft brand to debut in El Paso, Texas
Starwood Hotels & Resorts Worldwide announced plans for its leading-edge Aloft brand to debut in El Paso, Texas. Owned by Bassett Partners EP and managed by Aimbridge Hospitality, Aloft El Paso Downtown is scheduled to open in July 2016, featuring 100 rooms.
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