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Ameristar Casinos (ASCA)

Stock (Hospitality Industry, Media & Entertainment Industry, Resorts & Casinos Industry)

Stock prices jump after stock upgrade 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. Ameristar stocks continue to fall after unfavorable stock ratings 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.

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