Deutsche Bank Starts Caesars Entertainment (CZR) at Hold; Upside Potential Equals Downside Risk

Deutsche Bank initiates coverage on Caesars Entertainment (NASDAQ: CZR) with a Hold. PT $16.00.

Deutsche analyst said, "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”. Given our view of risks and current valuation, we are initiating coverage with a Hold."

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 $12.99 yesterday.

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