What Are Analysts Saying About The Casino Space? - MGM Resorts Intl (NYSE:MGM)

Wells Fargo added Penn National Gaming, Inc.

PENN to its Priority Stock List on Thursday, and named it among its Top Gaming Ideas for 2015.

Following the news, the stock surged almost 2 percent.

What Are Other Analysts Doing?

On top of Wells Fargo, other Wall Street research firms are bullish on Penn National Gaming. In late-October, when the stock traded below $13 per share, Stifel Nicolaus issued a Buy rating, accompanied by a $15 price target.

Credit Suisse issued a price target at the same figure and gave the stock an Outperform.

The stock now trades around $14.50.

MGM Resorts International MGM is also looking good. On Thursday, Wells Fargo upgraded the stock from Market Perform to Outperform, and on Wednesday, Deutsche Bank reiterated its Buy rating, but trimmed its price target from $30 to $29.

Still, the upside potential reaches nearly 40 percent.

Late in 2014, Barclays rated the stock as an Overweight case and set a price target of $27.

Melco Crown Entertainment Limited MPEL is up about 3 percent on Thursday after Credit Suisse named it amongst its favorite Macau-exposed gaming stocks. The research firm rates the stock at Outperform.

Morgan Stanley also appears bullish, and upgraded Melco Crown on January 5 from Equalweight to Overweight, setting a $28 price target. Buckingham Research reiterated its Buy rating (accompanied by a $33.50 price target) in early-November.

Worth watching, though: Bank of America downgraded the stock on January 6 from Buy to Neutral.

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