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Oppenheimer Releases Weekly Gaming and Lodging Review

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Oppenheimer gave a weekly review in which it noted mixed performance in gaming and lodging stocks. Commenting on gaming stocks, the report noted that “The Opco Large-cap Gaming index posted a decrease of 1.6% with mixed performance in the shares; the Opco Small-cap Gaming index decrease 1.3% with mixed performance. Meanwhile, the Opco Gaming Equipment index was up 3.8%.”

Regarding individual large-cap stocks, MGM (NYSE: MGM) declined 3.4% on news of a lawsuit from Perini construction company as well as a pending investigation relating to MGM’s Macau Partner Pansy Ho. Wynn (NASDAQ: WYNN) shares increased by 1.0%.

Regarding the small-cap stocks, Ameristar Casinos (NASDAQ: ASDA) declined 0.2%, Boyd Gaming (NYSE: BYD) declined 1.8% and Great Canadian Gaming (TORONTO: GC.TO) declined 5.7%. Pinnacle Entertainment (NYSE: PNK) increased 2.4% and Isle of Capri Casinos (NASDAQ: ISLE) increased 4.5%.

“The Opco Large-cap Lodging index was up 2.3%, with the shares mixed this week. The Opco Small/Mid-cap Lodging index was up 4.2%, with CHH underperforming, while the Opco Lodging REIT index was up 2.1%, with most shares moving higher this week. Finally, the Opco Leisure index was up 1.4%”

Specifically, Marriott International (NYSE: MAR) increased 2.7%, Starwood Hotels (NYSE: HOT) increased 3.0% and Intercontinental Hotels Group (IHG) increased 2.1%. Individual stocks in the small/mid-cap category include Morgans Hotel Group (NASDAQ: MHGC), which increased 10.2% and Choice Hotels (NYSE: CHH) which posted a slight decline of 0.5%.

Posted-In: David Katz Mariya Slavin OppenheimerAnalyst Color Analyst Ratings

 

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