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Morgan Stanley Remains a Hold on Caesars Entertainment (CZR)

Tipranks - Tipranks - Thu Feb 26, 6:45AM CST

Morgan Stanley analyst Stephen Grambling maintained a Hold rating on Caesars Entertainment today and set a price target of $25.00.

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Grambling covers the Consumer Cyclical sector, focusing on stocks such as Wynn Resorts, Polaris, and DraftKings. According to TipRanks, Grambling has an average return of 6.9% and a 62.41% success rate on recommended stocks.

In addition to Morgan Stanley, Caesars Entertainment also received a Hold from TipRanks – xAI’s xAi Gambling Resorts and Casinos in a report issued on February 19. However, on February 18, Stifel Nicolaus maintained a Buy rating on 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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