Caesars Entertainment Inc
CZR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$94.00 | Rwfg | Htcrykslz |
Caesars Earnings: Vegas Remains Full and the Liquidity Profile Is Sound; Shares Undervalued
No-moat Caesars’ shares jumped 5% in after-hours trading from oversold conditions as the company posted third-quarter results that are tracking toward our full-year projections. We don’t expect to materially change our $81 fair value estimate and view shares as undervalued, as we believe investors have placed too much angst over the company’s debt position, which is more than manageable.