2024.07.18
slot machine at resorts casinoCount Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. (Image: Las Vegas Review-Journal)Circa has announced on its website that the neon cowgirl, in her white, fringed outfit, will reside inside the hotel-casino. gold spike casino vegasBut 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.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). The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. doubledown casino guest palace station casino mapfree slots zeus 2(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. Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. 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. running aces casino and racetrack14 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. 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. 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. captain jack casino quickie boost harrah s cherokee river valley casino reviewshard rock casino lake tahoe.comThat’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. But today wasn’t a typical dayseminole casino covid 19 for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. ble games cannot be put into use unless physical barriers are in place between players.The property posted a picture of the restored sign on its Instagram page this weekend.Vegas Vickie was installed in 1980 at Bob Stupak’s Glitter Gulch Casino on Fremont Street. 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.gold coast casino beer garden draftkings casino blackjack rigged |