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KeyBanc Analyst Cuts Casino Stocks

NEW YORK – As reported by the Dow Jones: "KeyBanc Capital Markets consumer gaming analyst Dennis Forst said he has been cutting his ratings for casino stocks because people aren't spending as much on gaming.

"In a CNBC interview Monday, Forst said casino's earnings growth will likely slow as people spend less of their income gambling and as investors begin to sell off their shares.

"Earnings 'can't realistically grow 20% a year, but more like 10%,' Forst said, and casino stocks will not outperform for at least the next two years.

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