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Investment Banking Firm to Follow Casino Stocks

Lehman Brothers has initiated coverage of the major casino stocks with a wide range of ratings.

The company has an "underweight" rating on Harrah's Entertainment Inc., Mandalay Resort Group and Caesars Entertainment Inc.

Station Casinos Inc., Pinnacle Entertainment Inc., Boyd Gaming Corp. and Aztar Corp. have an "equal weight" rating and MGM MIRAGE and Penn National Gaming Inc. have an "overweight" rating.

Overweight, equal weight and underweight generally translate into "buy," "hold" and "sell" ratings, respectively.

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