Virgin Australia has stepped up its money finding efforts, asking for trading in its shares to be suspended as it works on a restructuring plan and awaits any news from Canberra about a $1.4 billion bailout package from the Federal Government.
Deutsche Bank does not believe that Wynn Resorts will walk away from its Crown Resorts bid indefinitely. The broker remains of a view that Crown is in play with its major shareholder willing at an appropriate price.
It had been a while since Citi analysts had published another update on Crown Resorts. Today’s update consists of minor adjustments to forecasts, but they have an impact on overall valuation with the price target moving to $14.50 from $13.75 prior.