Caesars Entertainment Inc
CZR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$66.00 | Bbml | Wwpywbrc |
We Remain Sanguine on Caesars’ Demand, Digital, and Balance Sheet Position; Shares Undervalued
We believe no-moat Caesars’ preannounced fourth-quarter update continues to support our stance that investors are too concerned about the company’s demand, digital spend, and liquidity profile. We are maintaining our $80 fair value estimate and view Caesars' shares as attractive, despite the more than 50% appreciation since the end of September.