CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Analyst: Station Casino Deserves Higher Price

12 October 2004

NEW YORK – As reported by The Street.com: "Station Casinos (STN:NYSE) deserves a higher stock price because of its coming Red Rocks casino and Native American contracts, contends Harris Nesbitt Burns analyst Jeffrey Logsdon.

"The analyst Monday lifted his nine-to-15-month price target on Station stock to $63 from $51. Recently, shares fell 71 cents, or 1.4%, to $48.19, after rising as high as $49.50 very early in the session. The 52-week high is $50.96.

"…Logsdon left his earnings forecasts unchanged for the casino company. Even so, he contends Station deserves a higher multiple than other gaming companies.

"…He did establish a 2006 annual EPS estimate of $2.75, implying 20% growth from his 2005 estimate of $2.30…"

< Gaming News

Analyst: Station Casino Deserves Higher Price is republished from Online.CasinoCity.com.