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CZR

Caesars

16:01
07/14/17
07/14
16:01
07/14/17
16:01

Caesars, CEOC announce approvals from NJ Casino Control Commission

Caesars Entertainment and Caesars Entertainment Operating Company announced that the New Jersey Casino Control Commission this week granted the necessary regulatory approvals required for the merger of Caesars Acquisition Company into Caesars Entertainment and for the reorganization of CEOC. In addition to regulatory approvals, the merger of CAC with and into Caesars Entertainment is subject to approval by stockholders of both companies and other customary closing conditions. CEOC's restructuring is subject to the completion of the merger, certain financing activities and other customary closing conditions. In addition to New Jersey, the companies have received approvals from gaming authorities in Indiana, Pennsylvania, Iowa, Maryland, Mississippi and Illinois. Caesars Entertainment and CEOC continue to engage with regulators in three jurisdictions where approvals are required for certain aspects of CEOC's restructuring.

  • 25

    Jul

CZR Caesars

06/01/17
06/01/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pentair (PNR) reinstated with a Sell at Goldman Sachs. 2. Global Payments (GPN) coverage resumed with a Buy at Stifel. 3. Caesars (CZR) initiated with an Outperform at Oppenheimer. 4. Resolute Energy (REN) initiated with a Buy at SunTrust. 5. Ziopharm (ZIOP) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/17
OPCO
05/31/17
INITIATION
Target $15
OPCO
Outperform
Caesars initiated with an Outperform at Oppenheimer
Oppenheimer analyst Ian Zaffino started Caesars Entertainment with an Outperform rating and $15 price target, calling the stock "an interesting investment opportunity" as it gets set to emerge from bankruptcy. The company is now primed for both organic and inorganic top line growth, the analyst contends.
04/20/17
MACQ
04/20/17
UPGRADE
Target $13
MACQ
Outperform
Caesars upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Chad Beynon upgraded Caesars to Outperform and raised his price target for the shares to $13 from $10. The company has been overlooked by investors for nearly 10 years and offers investors the most direct exposure to the Las Vegas Strip, Beynon tells investors in a research note. He sees opportunities for Caesars to improve sales and post strong free cash flow following room renovations and refinancing.

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