Caesars Entertainment Inc
CZR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$55.00 | Vgp | Zbsrfyxszh |
Caesars Earnings: Vegas and Digital Demand Stout, With Balance Sheet Strengthening
We think investors are unduly focused on macroeconomic growth and credit availability concerns, thoroughly underappreciating no-moat Caesars’ resilient demand in Vegas, ramping digital business, and improved balance sheet. We don’t plan to materially alter our $81 per share fair value estimate and see shares offering an attractive risk/reward.