2024.07.16
a casino slotGoldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. Count Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). 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 online blackjack legal californiaof an announcement from Caesars management on the fate of the iGaming and sports betting business. borgata casino bonus code pa(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. 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. harrah s cherokee casino live table games kansas star casino jobsis sam s town casino pet friendlyThat 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. The casino later became a strip club, but the sign remained at that site until 2017.That’s when Circa owner Derek Stevens had the sign removed to make way for the construction of his new resort on that block. 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 online blackjack legal californiaof an announcement from Caesars management on the fate of the iGaming and sports betting business. free online draw poker video gamesBut that wasn’t the case Monday. 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. But today wasn’t a typical dayonline blackjack legal california for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. where is chukchansi casino bellagio casino phone numberdata mgm casino 4dNext 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 online blackjack legal californiaof an announcement from Caesars management on the fate of the iGaming and sports betting business. 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. 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). 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.(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. island resort and casino concert big fish casino lawsuit payout |