Stifel raised the firm’s price target on Caesars to $80 from $74 and keeps a Buy rating on the shares. The firm’s estimates are being raised by about 1% per year and its price target is now based on its 2025 sum-of-the-parts valuation as it has moved from 2024 to 2025, the analyst explains. The firm, which continue to see upside to long-term estimates and a path to about $5B in EBITDA, believes the recent selloff in shares around the cyber-attacks has “created an overly compelling entry point,” the analyst added.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CZR:
- Early notable gainers among liquid option names on October 11th
- Palo Alto Networks Stock (NASDAQ:PANW): Bank on Cybersecurity Concerns
- MGM, CZR, WYNN: Time to Roll the Dice on Casino Stocks?
- MGM Resorts likely to lose some share after cyberattack, says Macquarie
- Bet On It: MGM discloses impact from cybersecurity breach