Isle Of Capri Shares Gain 14.86% On Deutsche Bank M&A Analysis (ISLE)

Loading...
Loading...

Shares of Isle of Capri Casinos ISLE gained as much as 14.86 percent following Deutsche Bank analyst Carlo Santarelli's comments on Tuesday's M&A talks.

Santarelli commented that Gaming and Leisure Properties GLPI could pay $15.80 per share for Isle of Capri, a 78 percent premium to Tuesday's close of $8.88.

Deutsche Bank believes a straight sale of the company is the most likely scenario. The analyst added that a sales leaseback deal is another possibility.

Santarelli has a Buy rating on Isle of Capri and $43.00 price target.

Isle of Capri shares are up 11.3 percent at last check.

Gaming and Leisure Properties stock closed at $34.90 on Tuesday. The stock is up 3.09 percent at $35.98.

date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorShort IdeasPrice TargetAnalyst RatingsTrading IdeasCarlo SantarelliDeutsche Bank
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...