Caesars Entertainment Inc

CZR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$69.00	Yhys	Nmpqrswfq

Caesars Earnings: Vegas Remains Full and the Liquidity Profile Is Sound; Shares Undervalued

Dan Wasiolek

Nov 1, 2023

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.

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