TD Cowen Reiterates Buy Rating on Caesars Entertainment (CZR)

TD Cowen analyst Lance Vitanza reiterated a Buy rating and $50.00 price target on Caesars Entertainment (NASDAQ: CZR).

The analyst commented, "We take Icahn at his word i.e. there is no activism contemplated and that the sizeable stake he has built instead reflects a bullish view on underlying fundamentals particularly on the Las Vegas Strip; his ongoing appreciation for Caesars strong management team; and a public market valuation increasingly disconnected from the opportunity at hand. We prefer investors stay the course."

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 $35.56 yesterday.

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