Analyst Daniel Politzer of Wells Fargo maintained a Buy rating on Caesars Entertainment (CZR – Research Report), with a price target of $50.00.
Daniel Politzer has given his Buy rating due to a combination of factors that suggest potential growth and stability for Caesars Entertainment. Despite a slight miss in the fourth quarter adjusted EBITDAR, the company has shown resilience across its segments. The Las Vegas operations, while facing a modest decline, are expected to stabilize with strong group and convention business, alongside returns on recent projects.
In the regional markets, Caesars Entertainment anticipates a flat to slightly upward trend in EBITDAR, supported by strong performances in specific locations such as Danville. Additionally, the company’s digital segment is showing promising growth, particularly in iGaming, which could unlock further value for shareholders. The company’s free cash flow yield also remains attractive, indicating a solid financial footing. These elements combined provide a positive outlook, justifying the Buy rating.
According to TipRanks, Politzer is a 4-star analyst with an average return of 9.5% and a 52.34% success rate. Politzer covers the Consumer Cyclical sector, focusing on stocks such as Wyndham Hotels & Resorts, Choice Hotels, and Churchill Downs.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $53.00 price target.