Jefferies Equity Research analysts spent June 6-9 in Las Vegas and came back with mixed sentiments. Their findings were laid out by David Katz in a June 11 investor note.
The good news, from Katz’s point of view, was “solid Strip trends, supported by a healthy convention cycle.” Still, his favored stock in the gaming group remained off-Strip Station Casinos.
The less-good news was that low-end leisure travel remained “unresolved.” Also, economic factors were beginning to depress locals-casino action. But “favorable demographics and recent capital deployment support a constructive outlook,” Katz wrote…