MGM - Caesars Entertainment's Recent Sell-off Regarding Cyber Attacks Generates Compelling Entry Point: Analyst Highlights Multiple Catalysts | Benzinga
Stifel analyst Steven M. Wieczynski reiterated a Buy rating on Caesars Entertainment, Inc. (NASDAQ: CZR), raising the price target to $80 from $74.
Wieczynski writes that the recent sell-off around the cyber-attacks has created an overly compelling entry point for CZR.
Shares of CZR, which are down ~17% (S&P down ~3%) since early September, are overdone and have now presented investors with a solid buying opportunity.
Also See: Casino Giants Face Cybersecurity Crisis: Caesars Entertainment Falls Prey To Hackers Post-MGM Attack
Wieczynski highlights multiple catalysts on the horizon that should drive shares higher: the F1 race in November, strong 2024 convention/group commentary on the 3Q23 ...