Loading...
Loading...
Deutsche Bank initiates its coverage on Caesars Entertainment
CRZ with a Hold rating and a price target of $16 in view and risk and current valation.
Deutsche Bank notes, "While we find several aspects of the CZR story compelling, namely; 1) leverage to an accelerating LV recovery, 2) the operating leverage inherent in CZR's LV and regional operations, 3) a steady stream of low risk high reward development opportunities, and 4) a leading position in the event the U.S. legalizes online gaming, we ultimately believe that for the stock to work from a fundamental standpoint, “You Gotta Believe”."
CRZ closed at $12.99 a share yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in