Shares of Caesars Entertainment (NASDAQ: CZR) started 2025 on a downbeat note, shedding 2.48% on above-average volume on the first trading day of the year after a research firm “reiterated” a sell rating on the stock while cutting its price target. Caesars Palace Las Vegas. The operator could sell assets this year to reduce, said an analyst. (Image: YouTube) In a new note to clients, CFRA Research analyst Zachary Warring said the gaming stock is still a “sell” while slashing his price target to $27 from $35. That implies potential downside of 17.1% from today’s closing price of $32.59. The analyst said Caesars’ balance sheet remains “over-levered” and that the operator faces tough comparisons as 2025 unfolds. We maintain our 2024 and 2025 earnings per share (EPS) estimates of -$0.05 and $0.75, respectively. CZR has benefited in recent years from significant revenue growth as the company made large acquisitions, but is paying the price now as the company financed those… Read More
Category: Financial, Mergers and Acquisitions, Rumors, mergers and acquisitions, rumors
Source: Casino.org
