http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Wed, 03 Jun 2026 17:41:00 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/SEC+Filings/Form++4++++++++++Caesars+Entertainment%2C++++For%3A+Jun+02++Filed+by%3A+Pegram+Michael+E/26600573.html si-local-file:///var/storage/secattach/20260603/26600573.html http://www.streetinsider.com/SEC+Filings/Form++4++++++++++Caesars+Entertainment%2C++++For%3A+Jun+02++Filed+by%3A+Pegram+Michael+E/26600573.html Wed, 03 Jun 2026 17:41:00 -0400 CZR O.18749463 http://www.streetinsider.com/SEC+Filings/Form++4++++++++++Caesars+Entertainment%2C++++For%3A+Jun+02++Filed+by%3A+Pegram+Michael+E/26600573.html si-local-file:///var/storage/secattach/20260603/26600573.html http://www.streetinsider.com/SEC+Filings/Form++4++++++++++Caesars+Entertainment%2C++++For%3A+Jun+02++Filed+by%3A+Pegram+Michael+E/26600573.html Wed, 03 Jun 2026 17:41:00 -0400 CZR O.18749463 http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593421.html si-local-file:///var/storage/secattach/20260602/26593421.html http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593421.html Tue, 02 Jun 2026 17:30:00 -0400 CZR O.18749463 http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593421.html si-local-file:///var/storage/secattach/20260602/26593421.html http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593421.html Tue, 02 Jun 2026 17:30:00 -0400 CZR O.18749463 http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593288.html si-local-file:///var/storage/secattach/20260602/26593288.html http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593288.html Tue, 02 Jun 2026 17:21:00 -0400 CZR O.18749463 http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593288.html si-local-file:///var/storage/secattach/20260602/26593288.html http://www.streetinsider.com/SEC+Filings/Form++144++++++++Caesars+Entertainment%2C+++++++++++++++++Filed+by%3A+Pegram+Michael+E/26593288.html Tue, 02 Jun 2026 17:21:00 -0400 CZR O.18749463 http://www.streetinsider.com/Analyst+PT+Change/Caesars+Entertainment+%28CZR%29+PT+Raised+to+%2431+at+Wells+Fargo/26587029.html Wells Fargo analyst Trey Bowers raised the price target on Caesars Entertainment (NASDAQ: CZR) to $31.00 (from $26.00) while maintaining a Equal Weight rating. http://www.streetinsider.com/Analyst+PT+Change/Caesars+Entertainment+%28CZR%29+PT+Raised+to+%2431+at+Wells+Fargo/26587029.html Tue, 02 Jun 2026 06:45:44 -0400 CZR http://www.streetinsider.com/Downgrades/Macquarie+Downgrades+Caesars+Entertainment+%28CZR%29+to+Neutral/26582743.html <p>Macquarie analyst Chad Beynon downgraded Caesars Entertainment (NASDAQ: CZR) from Outperform to Neutral, PT $31.00.</p><p>The analyst comments "On May 28, CZR announced an agreement to be acquired by Fertitta Entertainment for $31.00/share, implying a ~49% premium to the unaffected price (in Feb) and ~$17.6bn enterprise value (including ~ $11.9bn of assumed debt). Based on our estimates, the transaction implies roughly ~7.5/7x 2026/27E EV/EBITDAR alongside a mid-teens free cash flow yield (note). • While the agreement includes a go-shop period through July 11, 2026, which introduces theoretical topping optionality - and there are industry players with potential corporate or business synergies http://www.streetinsider.com/Downgrades/Macquarie+Downgrades+Caesars+Entertainment+%28CZR%29+to+Neutral/26582743.html Mon, 01 Jun 2026 14:40:37 -0400 CZR http://www.streetinsider.com/Analyst+Comments/Macquarie+Downgrades+Caesars+Entertainment+%28CZR%29+to+Neutral/26582743.html <p>Macquarie analyst Chad Beynon downgraded Caesars Entertainment (NASDAQ: CZR) from Outperform to Neutral, PT $31.00.</p><p>The analyst comments "On May 28, CZR announced an agreement to be acquired by Fertitta Entertainment for $31.00/share, implying a ~49% premium to the unaffected price (in Feb) and ~$17.6bn enterprise value (including ~ $11.9bn of assumed debt). Based on our estimates, the transaction implies roughly ~7.5/7x 2026/27E EV/EBITDAR alongside a mid-teens free cash flow yield (note). • While the agreement includes a go-shop period through July 11, 2026, which introduces theoretical topping optionality - and there are industry players with potential corporate or business synergies http://www.streetinsider.com/Analyst+Comments/Macquarie+Downgrades+Caesars+Entertainment+%28CZR%29+to+Neutral/26582743.html Mon, 01 Jun 2026 14:40:37 -0400 CZR http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html <p>Stifel analyst Jeffrey Stantial reiterated a Buy rating and $48.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "When news broke last week that CZR’s board had voted in favor of a takeover bid by Fertitta Entertainment, one of our first thoughts was that development could mean for MGM given the takeout valuation seemed to suggest MGM shares were way undervalued. Fertitta’s $31/ share offer price represented a ~7.2x 2027E EBITDAR multiple for CZR’s diversified portfolio of assets, while Barry Diller’s bid for MGM came in just a half turn higher. We think this is way too conservative as http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html Mon, 01 Jun 2026 14:18:09 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html <p>Stifel analyst Jeffrey Stantial reiterated a Buy rating and $48.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "When news broke last week that CZR’s board had voted in favor of a takeover bid by Fertitta Entertainment, one of our first thoughts was that development could mean for MGM given the takeout valuation seemed to suggest MGM shares were way undervalued. Fertitta’s $31/ share offer price represented a ~7.2x 2027E EBITDAR multiple for CZR’s diversified portfolio of assets, while Barry Diller’s bid for MGM came in just a half turn higher. We think this is way too conservative as http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html Mon, 01 Jun 2026 14:18:09 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html <p>Stifel analyst Jeffrey Stantial reiterated a Buy rating and $48.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "When news broke last week that CZR’s board had voted in favor of a takeover bid by Fertitta Entertainment, one of our first thoughts was that development could mean for MGM given the takeout valuation seemed to suggest MGM shares were way undervalued. Fertitta’s $31/ share offer price represented a ~7.2x 2027E EBITDAR multiple for CZR’s diversified portfolio of assets, while Barry Diller’s bid for MGM came in just a half turn higher. We think this is way too conservative as http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html Mon, 01 Jun 2026 14:18:09 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html <p>Stifel analyst Jeffrey Stantial reiterated a Buy rating and $48.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "When news broke last week that CZR’s board had voted in favor of a takeover bid by Fertitta Entertainment, one of our first thoughts was that development could mean for MGM given the takeout valuation seemed to suggest MGM shares were way undervalued. Fertitta’s $31/ share offer price represented a ~7.2x 2027E EBITDAR multiple for CZR’s diversified portfolio of assets, while Barry Diller’s bid for MGM came in just a half turn higher. We think this is way too conservative as http://www.streetinsider.com/Analyst+Comments/Stifel+on+MGM+Resorts+%28MGM%29+Amid+Barry+Diller+Bid%3A+%27we+think+it+is+possible+that+MGM%E2%80%99s+Board+rejects+this+initial+offer%27/26582685.html Mon, 01 Jun 2026 14:18:09 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html <p>Morgan Stanley analyst Stephen Grambling reiterated an Underweight rating and $35.00 price target on MGM Resorts (NYSE: MGM).</p><p>The analyst comments "We give initial thoughts on a potential takeover offer from Barry Diller for remaining ~74% of MGM stock it currently doesn't own. Implied premium ~10% to Fri close & equates to ~7x lease adj. cons EV/NTM EBITDAR (~6x EBITDA) vs. the CZR transaction at ~7.5x NTM cons adj. EV/EBITDAR (~7x EV/ EBITDA) What happened: This morning before market open there was a report from the New York Times dealbook (see article here) that People Inc., owned by Barry Diller, was http://www.streetinsider.com/Hot+Comments/Morgan+Stanley+on+MGM+Resorts+%28MGM%29%3A+%27We+take+no+view+on+a+deal+actually+being+completed%27/26581879.html Mon, 01 Jun 2026 12:33:17 -0400 CZR LVS MGM WYNN http://www.streetinsider.com/Investing/Texas+Capital+cuts+Caesars+to+Hold+as+%2431-per-share+buyout+caps+upside/26579776.html <p>Investing.com -- Caesars Entertainment&amp;#39;s pending acquisition by Fertitta Entertainment for $31 per share led to a downgrade to Hold, reflecting the limited return potential implied by the announced transaction terms despite favorable long-term business fundamentals.</p> <p>Texas Capital in a note said the deal values Caesars at roughly 7x 2027 estimated EV/EBITDA, a level it believes significantly undervalues the company&amp;#39;s cash-generating ability, Las Vegas Strip assets, expansive marketing network, and growing digital business. Despite viewing the valuation as attractive for buyers, Texas Capital sees limited upside for shareholders above the agreed takeover price and therefore lowered its recommendation.</p> <p></p> <p>Analyst David Bain noted that while http://www.streetinsider.com/Investing/Texas+Capital+cuts+Caesars+to+Hold+as+%2431-per-share+buyout+caps+upside/26579776.html Mon, 01 Jun 2026 08:28:19 -0400 CZR http://www.streetinsider.com/General+News/Texas+Capital+cuts+Caesars+to+Hold+as+%2431-per-share+buyout+caps+upside/26579776.html <p>Investing.com -- Caesars Entertainment&amp;#39;s pending acquisition by Fertitta Entertainment for $31 per share led to a downgrade to Hold, reflecting the limited return potential implied by the announced transaction terms despite favorable long-term business fundamentals.</p> <p>Texas Capital in a note said the deal values Caesars at roughly 7x 2027 estimated EV/EBITDA, a level it believes significantly undervalues the company&amp;#39;s cash-generating ability, Las Vegas Strip assets, expansive marketing network, and growing digital business. Despite viewing the valuation as attractive for buyers, Texas Capital sees limited upside for shareholders above the agreed takeover price and therefore lowered its recommendation.</p> <p></p> <p>Analyst David Bain noted that while http://www.streetinsider.com/General+News/Texas+Capital+cuts+Caesars+to+Hold+as+%2431-per-share+buyout+caps+upside/26579776.html Mon, 01 Jun 2026 08:28:19 -0400 CZR http://www.streetinsider.com/Downgrades/Texas+Capital+Securities+Downgrades+Caesars+Entertainment+%28CZR%29+to+Hold/26577980.html <p>Texas Capital Securities analyst David Bain downgraded Caesars Entertainment (NASDAQ: CZR) from Buy to Hold with a price target of $31.00 (from $44.00).</p><p>The analyst comments: “We downgrade CZR to Hold following its announcement it has entered into a definitive agreement to be acquired by Fertitta Entertainment, Inc. for $31 per share in cash. The agreement implies a valuation of ~7x CY27E EV/EBITDA, which we believe vastly undervalues CZR’s cash flow, irreplaceable Strip assets (60% LV EBITDA propco derived), best-in-class/ vast marketing network and digital business. However, we believe it is relatively unlikely other suitors step up for all of CZRs http://www.streetinsider.com/Downgrades/Texas+Capital+Securities+Downgrades+Caesars+Entertainment+%28CZR%29+to+Hold/26577980.html Mon, 01 Jun 2026 04:36:07 -0400 CZR http://www.streetinsider.com/Analyst+Comments/Texas+Capital+Securities+Downgrades+Caesars+Entertainment+%28CZR%29+to+Hold/26577980.html <p>Texas Capital Securities analyst David Bain downgraded Caesars Entertainment (NASDAQ: CZR) from Buy to Hold with a price target of $31.00 (from $44.00).</p><p>The analyst comments: “We downgrade CZR to Hold following its announcement it has entered into a definitive agreement to be acquired by Fertitta Entertainment, Inc. for $31 per share in cash. The agreement implies a valuation of ~7x CY27E EV/EBITDA, which we believe vastly undervalues CZR’s cash flow, irreplaceable Strip assets (60% LV EBITDA propco derived), best-in-class/ vast marketing network and digital business. However, we believe it is relatively unlikely other suitors step up for all of CZRs http://www.streetinsider.com/Analyst+Comments/Texas+Capital+Securities+Downgrades+Caesars+Entertainment+%28CZR%29+to+Hold/26577980.html Mon, 01 Jun 2026 04:36:07 -0400 CZR