BUZZ-VICI Properties rises after Wedbush upgrades rating

Reuters

2025/01/02

** Gaming, hospitality and entertainment REIT VICI Properties' shares VICI.N rise 1.1% to $29.53 premarket

** Wedbush upgrades rating to "outperform" from "neutral", but lowers price target to $33 from $34

** Says VICI could see opportunities to fund redevelopment projects from its "deep pipeline of relationships"

** "While the growing non-gaming portfolio has given us pause before, we see it potentially providing an external growth bridge until the casino transaction market picks back up" - Wedbush

** Six brokerages rate the stock "strongbuy", 15 "buy" and three "hold"; their median PT is $35 - LSEG compiled data

** In FY 2024, VICI had fallen 10.6%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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