Wedbush upgraded VICI Properties (VICI) to Outperform from Neutral with a price target of $33, down from $34. The company owns many of the most iconic casinos in Las Vegas and around the country, the analyst tells investors in a research note. The firm says that while interest rates again spiked heading into 2025, it sees “several reasons” for VICI being well positioned to outperform. The company maintains a “deep pipeline of relationships,” which can lead to opportunities to fund redevelopment projects, such as is currently underway at the Venetian, contends Wedbush. It believes the stock’s current valuation screens as attractive.
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