Isle of Capri Raised to Aggressive Buy

Analyst Dennis Forst says the riverboat casino operator will weather the effects of September 11 better than some of its competitors

McDonald raised its investment rating on Isle of Capri (ISLE ) to aggressive buy from long term buy, saying the casino operator weather the effects of the terrorist attacks better than some of its competitors. The company recently posted second quarter earnings per share of $0.35 on an 11% revenue rise. Analyst Dennis Forst says the company's cash flow was up 2%, which was much better than his 2% decline estimate. He says these results confirmed that the Midwest riverboat operations survived September 11 events much better than its cousins on Las Vegas Strip.

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