Ise Of Capri Casinos Isle of Capri Casinos just received an upgrade from an analyst and it has caused the company’s stock price to jump on Tuesday. The company appears poised to continue to have its stock rise.
The stock closed the day on Tuesday at $12.56. That was a 5.27% increase from the close on Monday. At one point in the day, the stock had reached a high of $13.17.
“We expect significant earnings and free cash flow progress over the next couple of years, beginning with fourth quarter 2009 results,” wrote KeyBanc Capital Markets Analyst Dennis Forst, in a research note.
Isle of Capri Casinos stock has been steadily rising throughout the year so far. The stock has almost quadrupled since January. That is a major contrast to most casino company stocks, which have fallen in record numbers.
Trump Entertainment has already been taken off the market, while MGM Grand and Las Vegas Sands have had major losses. Wynn Resorts is still the leader when it comes to US casino company stock, but they have also taken a big hit since the economy has faltered.
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