2024.07.20
no deposit bonus lucky creek(Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. With Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). 14 market close.Investors Focusing ElsewhereUnder normal circumstances for any stock in any sector, a rating from Goldman Sachs has the potential to move the shares. slot machine casino in san franciscoBut a couple of others in addition to Grambling rate it a “hold.” The Goldman analysts price forecast isn’t far off the Wall Street consensus of .67.That could come before the end of 2020 and would likely be a positive catalyst for the stock.The bulk of the analysts covering Caesars stock have “buy” ratings. The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. online casino philippines no deposit bonus downstream casino restaurantsmgm grand casino cardIt is the first hotel-casino to be built from the ground up in downtown Las Vegas in 40 years.The intent in bringing the sign inside Circa is to unite “old and new Vegas in nelucky tiger online casinover-before-seen ways,” the resort’s website says.Circa is being built on one of the city’s oldest and most historic streets, where colorful gaming pioneers, such as former Texas outlaw Benny Binion, once owed casinos.Portions of Fremont Street, including where Circa is being constructed, were closed to traffic and turned into a canopied pedestrian mall 26 years ago. That figure is a combination of what the old Eldorado Resorts brought to the table in acquiring Caesars and the .8 billion in liabilities the buyer assumed from the target. It is the first hotel-casino to be built from the ground up in downtown Las Vegas in 40 years.The intent in bringing the sign inside Circa is to unite “old and new Vegas in nelucky tiger online casinover-before-seen ways,” the resort’s website says.Circa is being built on one of the city’s oldest and most historic streets, where colorful gaming pioneers, such as former Texas outlaw Benny Binion, once owed casinos.Portions of Fremont Street, including where Circa is being constructed, were closed to traffic and turned into a canopied pedestrian mall 26 years ago. casino vicksburgIn addition to the new coverage on Caesars, he downgraded MGM Resorts International (NYSE:MGM) to “sell” from “hold,” while reiterating a “buy” rating on Penn National Gaming (NASDAQ:PENN).Not Too GloomyWhile a “neutral” grade on a stock may imply some level of mediocrity, Grambling isn’t entirely negative on Caesars.He reminds investors the company offers plenty of catalysts over the next six to 12 months, including property reopenings, management focus on realizing at least 0 million in savings via the aforementioned takeover, and cash-generating asset sales. But a couple of others in addition to Grambling rate it a “hold.” The Goldman analysts price forecast isn’t far off the Wall Street consensus of .67.Next up on the divestment front could be gaming properties in Indiana, followed later by a Las Vegas Strip asset.Grambling, as so many of his colleagues previously have, also highlighted the possibility lucky tiger online casinoof an announcement from Caesars management on the fate of the iGaming and sports betting business. bellagio casino mask policy the wynn casino las vegas nevadacasino l alianca del poblenouBut today wasn’t a typical daylucky tiger online casino for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. (Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. The iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. With Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. cache creek slots turtle creek casino location |