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Wells Fargo Remains a Hold on Caesars Entertainment (CZR)

Tipranks - Tipranks - Fri Apr 17, 5:27AM CDT

In a report released yesterday, Trey Bowers from Wells Fargo maintained a Hold rating on Caesars Entertainment, with a price target of $36.00. The company’s shares closed yesterday at $27.29.

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Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Viking Holdings, and DraftKings. According to TipRanks, Bowers has an average return of -4.1% and a 36.54% success rate on recommended stocks.

In addition to Wells Fargo, Caesars Entertainment also received a Hold from Citi’s James Hardiman in a report issued today. However, yesterday, Barclays assigned a Buy rating to Caesars Entertainment (NASDAQ: CZR).

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Based on Caesars Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.92 billion and a GAAP net loss of $250 million. In comparison, last year the company earned a revenue of $2.8 billion and had a net profit of $11 million

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