Deutsche Bank Resumes Caesars Entertainment (CZR) at Hold, Slashes Target to $6

Article Stock Quotes (1) Comments (0)

Deutsche Bank resumes coverage on Caesars Entertainment (NASDAQ: CZR) with a Hold and cuts its price target to $6 from $16.

The firm comments, "We continue to 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. That said, given our view of risks (debt levels, deferred spend, development execution, and competition), we see shares as fairly valued at present. Our Hold rating is unchanged."

For an analyst ratings summary and ratings history on Caesars Entertainment click here. For more ratings news on Caesars Entertainment click here.

Shares of Caesars Entertainment closed at $5.79 yesterday, with a 52 week range of $5.26-$17.90.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Credit Suisse Downgrades Caesars Entertainment (CZR) to Neutral
• Caesars Entertainment Names Tom Arasi President of Hospitality
• Topeka Capital Sees Attractive Entry in Ducommun (DCO); Starts at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?