Jefferies shuffles rating on gaming stocks

Investing.com

03 Jan

Investing.com -- Jefferies updated its ratings on several gaming stocks amid growth prospects for 2025 and strategic developments across the sector.

The brokerage upgraded Boyd Gaming (NYSE:BYD) and Las Vegas Sands (NYSE:LVS) to "buy" on capital projects and balance sheet strength.

But Red Rock Resorts (NASDAQ:RRR) was downgraded to "hold" on its capital spending cadence through 2026.

Churchill Downs (NASDAQ:CHDN) remains Jefferies' top pick, supported by accelerating EBITDA growth and leverage improvement.

Jefferies noted that Las Vegas demand is expected to remain robust amid constrained supply, with Caesars (NASDAQ:CZR) Entertainment and MGM Resorts (NYSE:MGM) seen as undervalued despite operational challenges.

Macau's recovery continues but lags pre-COVID levels, with recent Chinese economic stimulus offering modest support. LVS is seen gaining market share due to new suites, while Wynn Resorts (NASDAQ:WYNN) faces slight declines.

In regional markets, competition and economic uncertainty are likely to keep growth uneven. PENN Entertainment and CZR are poised for capital growth, while PENN's strategic pivots could drive gains.

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LVS is seen gaining market share due to new suites, while Wynn Resorts (NASDAQ:WYNN) faces slight declines.</p>\n<p>In regional markets, competition and economic uncertainty are likely to keep growth uneven. PENN Entertainment and CZR are poised for capital growth, while PENN's strategic pivots could drive gains.</p>\n<p>Related Articles</p>\n<p>Jefferies shuffles rating on gaming stocks</p>\n<p>Stellantis, VW shares down as U.S. tightens EV tax credit rules</p>\n<p>Buy Carvana shares on weakness, JPMorgan says</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Jefferies shuffles rating on gaming stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJefferies shuffles rating on gaming stocks\n</h2>\n<h4 class=\"meta\">\n\n\n2025-01-03 21:51 GMT+8   <a href=\"https://finance.yahoo.com/news/jefferies-shuffles-rating-gaming-stocks-135145089.html\"><strong>Investing.com</strong></a>\n</h4>\n</header>\n<article>\n<div>\n<p>Investing.com -- Jefferies updated its ratings on several gaming stocks amid growth prospects for 2025 and strategic developments across the sector.\nThe brokerage upgraded Boyd Gaming (NYSE:BYD) and ...</p>\n<a href=\"https://finance.yahoo.com/news/jefferies-shuffles-rating-gaming-stocks-135145089.html\">Source Link</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JEF","symbol_name":"杰富瑞","start_time":0,"source_url":"https://finance.yahoo.com/news/jefferies-shuffles-rating-gaming-stocks-135145089.html","article_id":"2500553119","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500553119","pubTimestamp":1735912305,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --Jefferies updated its ratings on several gaming stocks amid growth prospects for 2025 and strategic developments across the sector.The brokerage upgraded Boyd Gaming  and Las Vegas Sands  to \"buy\" on capital projects and balance sheet strength. But Red Rock Resorts  was downgraded to \"hold\" on its capital spending cadence through 2026.  Churchill Downs  remains Jefferies' top pick, supported by accelerating EBITDA growth and leverage improvement.Jefferies noted that Las Vegas demand is expected to remain robust amid constrained supply, with Caesars  Entertainment and MGM Resorts  seen as undervalued despite operational challenges.Macau's recovery continues but lags pre-COVID levels, with recent Chinese economic stimulus offering modest support. LVS is seen gaining market share due to new suites, while Wynn Resorts  faces slight declines.In regional markets, competition and economic uncertainty are likely to keep growth uneven. PENN Entertainment and CZR are poised for c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"JEF":"杰富瑞","LVS":"金沙集团"},"translate_title":"杰富瑞调整博彩股评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JEF":0.9,"LVS":0.9},"content_text":"Investing.com -- Jefferies updated its ratings on several gaming stocks amid growth prospects for 2025 and strategic developments across the sector.\nThe brokerage upgraded Boyd Gaming (NYSE:BYD) and Las Vegas Sands (NYSE:LVS) to \"buy\" on capital projects and balance sheet strength. But Red Rock Resorts (NASDAQ:RRR) was downgraded to \"hold\" on its capital spending cadence through 2026.  Churchill Downs (NASDAQ:CHDN) remains Jefferies' top pick, supported by accelerating EBITDA growth and leverage improvement.\nJefferies noted that Las Vegas demand is expected to remain robust amid constrained supply, with Caesars (NASDAQ:CZR) Entertainment and MGM Resorts (NYSE:MGM) seen as undervalued despite operational challenges.\nMacau's recovery continues but lags pre-COVID levels, with recent Chinese economic stimulus offering modest support. LVS is seen gaining market share due to new suites, while Wynn Resorts (NASDAQ:WYNN) faces slight declines.\nIn regional markets, competition and economic uncertainty are likely to keep growth uneven. PENN Entertainment and CZR are poised for capital growth, while PENN's strategic pivots could drive gains.\nRelated Articles\nJefferies shuffles rating on gaming stocks\nStellantis, VW shares down as U.S. tightens EV tax credit rules\nBuy Carvana shares on weakness, JPMorgan says","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}