Brean Murray Starts Isle of Capri Casinos With a Sell
Brean Murray started covering Isle of Capri Casinos (ISLE ) with a sell rating, citing uncertainty regarding regulations in Florida.
Analyst Ryan Worst says politicians who are currently considered anti-gaming are in control of at least the House and governorship. He adds that Isle of Capri's properties are in difficult markets such as Shreveport and Lake Charles, LA, while recently steady and improving properties in Black Hawk, CO, and Quad Cities, IA could face increasing competition in 2006. He set a $23 price target.