Thomas Allen

For the first time since 2016, Morgan Stanley says Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) should be bought by investors despite an uncertain cruise environment. The Analyst Morgan Stanley's Thomas Allen upgraded Norwegian Cruise from Equal-Weight to Overweight with a price target...

Wynn Resorts, Limited (NASDAQ: WYNN) shares were getting pummeled one day after the casino operator's mixed third-quarter earnings report. The casino operator reported Q3 earnings of $1.68 per share, missing estimates by a penny. Sales came in at $1.71 billion, beating estimates by $...

Gaming operator Caesars Entertainment Corporation (NASDAQ: CZR) boasts multiple upside catalysts that imply the stock is undervalued, according to Morgan Stanley. The Analyst Morgan Stanley's Thomas Allen initiated coverage of Caesars Entertainment with an Overweight rating and $...

The lodging industry has seen multiple M&A and strategic optionality deals over the past year and investors are likely undervaluing Extended Stay America Inc (NYSE: STAY)'s ability to create value, according to Morgan Stanley. The Analyst Morgan Stanley's Thomas Allen upgraded...

Las Vegas Sands Corp (NYSE: LVS) stands to capture upside from momentum in the Macau market as it shifts from VIP to mass market gamblers, according to Morgan Stanley. The Analyst Thomas Allen of Morgan Stanley reiterated an Overweight on Las Vegas Sands Corp. with an $84 price target. Las...

Las Vegas Sands Corp. (NYSE: LVS) is Morgan Stanley’s new top pick in the gaming sector. Earlier this week, Morgan Stanley raised the price target on Overweight-rated MGM Resorts International (NYSE: MGM) from $40 to $41. For Equal-Weight-rated Wynn Resorts, Limited (NASDAQ: WYNN), the...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) have gained around 75 percent over the past year, even when including a sharp sell-off in the stock after sexual assault accusations against its CEO Steve Wynn, who resigned Tuesday. Now is a good time for investors to sell the stock,...

The hotel space could certainly get a little cozier. Amid market fragmentation and rising competition from alternative accommodations, Morgan Stanley sees prospects for consolidation. The Ratings Analyst Thomas Allen reiterated Overweight ratings on Hilton Worldwide Holdings Inc (NYSE: HLT) and...

Casino stock are for the most part higher since the start of 2017, but the longer-term outlook in the important Macau gaming market remains a question mark. One of the most notable casino operators, Las Vegas Sands Corp. (NYSE: LVS) generates nearly half of its entire EBITDA in Macau. The Analyst...

The house doesn’t always win, at least according to Morgan Stanley analyst Thomas Allen. Allen downgraded Boyd Gaming Corporation (NYSE: BYD) from Overweight to Equal Weight, but raised its price target from $23 to $26. Boyd shares are up 26 percent this year, and is ahead of consensus for...

Analysts at Morgan Stanley turned incrementally bullish on hotel chain La Quinta Holdings Inc (NYSE: LQ) given expectations for a stronger economy, which will have a positive impact on lodging demand. Morgan Stanley's Thomas Allen upgraded La Quinta's stock rating from Equal Weight to Overweight...

Trump’s victory in the U.S. presidential election is a negative for H & R Block Inc (NYSE: HRB), and the new Refund Advance product spells greater risk to margins than was earlier anticipated, Morgan Stanley’s Thomas Allen said in a report. He downgraded the rating on the company...

An updated analysis indicates that Airbnb could be “a bigger threat to hotels” than had been earlier anticipated, Morgan Stanley’s Thomas Allen said in a report. The forward estimates have been reduced by 1–3 percent, resulting in an average 7 percent downside to the group....

Morgan Stanley picked Marriott International Inc (NASDAQ: MAR) among the lodging stocks to upgrade to an Overweight rating citing that its C-Corps have robust growth on unit-wise despite estimating lower RevPAR. Although the brokerage upgraded Choice Hotels International Inc (NYSE: CHH), the firm...