Wells Fargo analyst Daniel Politzer maintains $Caesars Entertainment (CZR.US)$ with a buy rating, and adjusts the target price from $56 to $58.
According to TipRanks data, the analyst has a success rate of 60.1% and a total average return of 10.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Caesars Entertainment (CZR.US)$'s main analysts recently are as follows:
Optimism remains high for Macau, whereas anticipations for the Las Vegas Strip and Local markets have moderated, according to an industry evaluation ahead of Q3 earnings for the gaming sector. Regional trends continue to be subdued, with weather conditions posing extra challenges.
Looking ahead to the third quarter, there is a positive sentiment surrounding the digital gaming sector, which is expected to have strong fundamentals and commentary. Meanwhile, the situation in Macau is at a pivotal juncture, and there is a cautious stance on land-based gaming within the United States.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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