Ameristar Casinos continue to fall after analysts said that the casino operator may be experiencing weaker trends in June.The company is particularly vulnerable now having experienced a recent management change (announced in the June 2008 8-K report) following the resignation of the CEO and President of the company.
Ameristar Casinos shares shot up 93 cents, or 6.4%, to %15.43 after analysts said the stock is now fairly valued after a recent pullback.
Justin Sebastiano of Morgan Joseph upgraded the shares to "Hold" from "Sell", saying the current share price reflects the competitive pressure and weak economy Ameristar faces.