Deutsche Bank Starts Eldorado Resorts (ERI) at Buy
Get Alerts ERI Hot Sheet
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 20
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Deutsche Bank initiates coverage on Eldorado Resorts (NASDAQ: ERI) with a Buy rating and a price target of $32.00.
Analyst Danny Valoy said amid their view that at worst, flattish regional trends should persist, they believe ERI will showcase its lean and efficient operating culture, as synergies from the ISLE acquisition manifest in a low double digit EBITDA CAGR over the next 3 years.
In the near-term, the company broad reach should allow it to navigate regional trends smoothly, while market specific growth prospects provide upside potential. Over the medium to longer-term, they see the opportunity for continued growth through M&A, given ERI’s strengthening balance sheet and ambitious nature.
For an analyst ratings summary and ratings history on Eldorado Resorts click here. For more ratings news on Eldorado Resorts click here.
Shares of Eldorado Resorts closed at $24.73 yesterday.
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