JPMorgan Downgrades Gaming and Leisure Properties to Neutral

JPMorgan Chase downgraded Gaming and Leisure Properties from overweight to neutral and set a $46 price target, signaling a more cautious view of the casino-property REIT. The company owns gaming-related real estate and earns much of its revenue through long-term leases with casino operators. Other analysts have issued mixed ratings and adjusted price targets, while the reported consensus remains Hold with an average target of about $47.73. One report also noted recent insider buying, though the coverage primarily focused on the analyst downgrade.