Caesars Entertainment Inc
CZR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$53.00 | Ggs | Hzqbbmbv |
Caesars’ Resilient Demand and Digital Business Strength Still Not Fully Reflected in Shares
We see no-moat Caesars’ third-quarter earnings supporting our case that investors are too fearful of deteriorating demand and anemic digital profits. We don’t expect a material change to our $80 valuation, but view Caesars shares as attractive, despite the more than 50% appreciation during the past month (including a 6% move higher in reaction to Caesars’ earnings update).