Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CS First Boston Cuts Harrah's to 'Hold'

CS First Boston downgraded Harrah's Entertainment (HET) to hold from buy.

Analyst Brian Egger says Harrah's stock is up 32%, outperforming the 11% decline in the S&P 500, since his assignment of a strong buy rating on Jan. 26, 2001 and his April 24, 2001 downgrade to buy, based on price. He notes shares are up another 18%, eclipsing the 5% drop in the S&P 500, since his April 24, 2001 rating change. Egger cited two key considerations: A reassessments of the stock's performance outlook in view of a prospect of deceleration in Midwest gaming revenue growth, and a more conservative view of valuation. Egger maintains his $2.30 2002 EPS estimate, and $2.70 for 2003, as well as his $48 12-month target.

blog comments powered by Disqus