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casino 06(Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16.As a result, analysts believe Colorado gaming venues will be able to attract a more affluent clientele, and perhaps keep more Denver-area gamblers in the state amid restrictions in Lthe twin river casinoas Vegas.His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.10 percent amid a challenging operating environment.“Over the last 10 months, our industry has demonstrated a willingness to work cooperatively with the Admincasino near me table games