The performance of Caesar's Entertainment (CZR) has been mixed in recent times, characterized by a blend of ups and downs. Notably, the company launched a premium credit card and Online Casino Studio, which potentially could change the bull perspective. However, market expert Jim Cramer stated he is not a buyer of CZR. Also, Universal Beteiligungs reduced its position in the company, and Barrons.com suggested CZR as a stock to sell short.
Despite the negative currents, CZR had a remarkable run with Amber Rock Legends launching a 12-show at Caesars Palace and a price target increase to $48.00 by JPMorgan. Reaction to Q2 earnings and upcoming Q1 performance will also shape CZR's future. Financial performance seems wavering, proven by a 20.1% drop since the last earnings report, but a an upward trend was also noticed. The momentum of CZR's performance seems to be slowing down according to JP Morgan.
Finally, interesting moves were noted with the launch of a Branded Live Dealer Studio in Michigan intended to bolster its online presence, and stake increases by New York State Common Retirement Fund and DAVENPORT & Co LLC.
Caesars Entertainment CZR News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 26 Jul 2025 11:13:41 GMT - Rating 4 - Innovation -2 - Information 2 - Rumor -2
