Sterne Agee ups Iao Kun Group estimates after March rolling chip gains

    Sterne Agee said it’s raising its 2014 EPS estimates for Iao Kun Group Holdings to $0.46 from $0.40 following its best rolling chip turnover results since April 2012. The group said its March results were $1.75 billion, with a win-rate of 3.27 percent. The firm now forecasts Q1 EPS of $0.30 from $0.24 previously. Sterne Agee also lifted its share price target to $5.50 from $5.00. It reiterates its Buy rating.