Joseph Greff

PENN Entertainment (NASDAQ:PENN) received a Wall Street upgrade Friday on a positive outlook for both its casino and sports betting segments. The PENN Analyst: JPMorgan analyst Joseph Greff upgraded shares of Penn from Neutral to Overweight and raised the price target from $19 to $27. Read Also:...

A day after casino stock Las Vegas Sands Corp. (NYSE: LVS) was hit with a Wall Street downgrade, the stock bounced back on Tuesday when it was upgraded by another analyst. The Analyst: JPMorgan analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and raised his price target from...

MGM Resorts International (NYSE: MGM) shares were trading higher Tuesday after the casino giant landed a high-profile Wall Street upgrade. The MGM Analyst: JPMorgan analyst Joseph Greff upgraded MGM fromNeutral to Overweight and raised the price target from $45 to $47. The MGM Takeaways: In...

Shares of Las Vegas Sands Corp. (NYSE: LVS) have underperformed an underperforming sector and seem attractive in the low $40s range, according to JPMorgan. The Las Vegas Sands Analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and set a $52 price target.  The Las Vegas...

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) is likely to benefit from continuing sector momentum, according to JPMorgan. The Analyst JPMorgan analyst Joseph Greff upgraded shares of Norwegian Cruise Line from Neutral to Overweight and increased the price target from $62 to $70. The Thesis...

Wynn Resorts, Limited (NASDAQ: WYNN) shares are now in their second session of freefall following accusations of sexual misconduct against Founder and CEO Steve Wynn. Wynn Resorts has lost over $2 billion in market cap since the Wall Street Journal published the allegations. Wynn was one of...

Citing limited upside in net yields/pricing, JPMorgan has downgraded Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) to Neutral from Overweight, while maintaining its Neutral stance on Carnival Corp (NYSE: CCL). “[W]e do not see a meaningful...

After registering 25 consecutive months of year-over-year gross gaming revenue (GGR) declines, early numbers out of Macau for the month of July suggest the gaming hub could be on pace to deliver its first revenue growth in more than two years. However, JPMorgan is not impressed. Analyst Joseph...

JPMorgan’s Joseph Greff believes the prior estimates for Las Vegas Sands Corp. (NYSE: LVS)'s Macau same-store revenue for 2Q16 could prove to be too aggressive. Greff maintains a Neutral rating on the company, while lowering the price target from $52 to $47. Estimates Lowered The analyst...

Following the year-to-date rally in Wynn Resorts, Limited (NASDAQ: WYNN) shares, JPMorgan’s Joseph Greff downgraded the rating on the company from Overweight to Neutral, while reducing the price target from $101 to $94. The analyst commented that the shares now offer “an even risk-...

JPMorgan has downgraded Host Hotels and Resorts Inc (NYSE: HST) to Underweight, given its relatively adverse geographic footprint, operating leverage to decelerating demand trends, higher supply growth and predominantly higher exposure to gateway cities. However, Host Hotel shares have outperformed...

JPMorgan’s Joseph Greff believes that Las Vegas Sands Corp. (NYSE: LVS)'s stock valuation could be limited to a tight range until there is more evidence of stabilization in the Macau market and the company’s properties in the region. Greff downgraded the rating on Las Vegas Sands from...

JPMorgan recently highlighted that Las Vegas strip room rates tracking is up 8 percent for Q1 with major casino operators such as MGM Resorts International (NYSE: MGM), Las Vegas Sands Corp. (NYSE: LVS), Caesars Entertainment Corp (NASDAQ: CZR) and Wynn Resorts, Limited (NASDAQ: WYNN). Joseph...

What do Las Vegas Sands Corp. (NYSE: LVS) shareholders have to expect when the company reports earnings Wednesday afternoon? According to Estimize, Wall Street consensus estimates predict earnings per share (EPS) of $0.61 on $2.97 billion in revenue for the quarter. However, not all analysts...