Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Merrill Upgrades Ameristar Casinos to 'Buy'


Merrill Lynch upgraded Ameristar Casinos (ASCA) to buy from neutral.

Analyst David Anders says Thursday night, the Missouri Senate approved a budget bill, which didn't include any changes to its gaming legislation; only one week remains in the legislative session with no gaming bills having made it out of committee. He thinks this is positive because legislation proposed by the governor had sought to raise gaming admissions tax from $2 to $4 per person, and contained a 2% increase in the state's gaming tax.

Anders notes more than 60% of Ameristar's EBITDA is generated in Missouri. He's keeping his $1.56 2003 earnings per share, and $1.71 for 2004. He has a $21 12-month target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus