2024-05-13 06:57:27 ET
Summary
- Caesars Entertainment's stock rating has been upgraded to neutral due to the aggressive valuation re-rate suffered by the stock.
- We will be closely monitoring tourism data from LVCVA to spot tourism pick up, which serves as a bullish reversal for CZR financials.
- The stock now trades at a lower price and multiples, making it potentially attractive for investment, with a target price of $42 per share.
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Caesars Entertainment: Closely Monitoring Tourism Statistics To Spot A Reversal