Stifel analyst Steven Wieczynski maintains $Caesars Entertainment (CZR.US)$ with a buy rating, and adjusts the target price from $63 to $54.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Caesars Entertainment (CZR.US)$'s main analysts recently are as follows:
The revised fourth-quarter Las Vegas Strip EBITDAR estimate for Caesars now stands at $485 million, adjusted from an earlier $499 million. This revision is attributed to a moderate decline in gaming volume, a consistent table hold rate of 22%, and a decrease in margins by 40 basis points to 44.0% compared to the previous quarter.
Operating expectations for land-based casinos are anticipated to stay 'mostly unchanged.' It's believed that growth from capital projects and balance sheet strength are fundamental winners. There is an expectation of strong demand and constrained supply for Las Vegas around 2025-26, while regional gaming is described as 'still competitive and choppy,' with a few growth opportunities remaining.
Note:
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