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

BofA Upgrades Caesars Entertainment to Buy

Banc of America upgraded Caesars Entertainment (CZR) to buy from neutral.

Analyst J. Cogan says he's been on the fence with Caesers for a while, but says the MGM Mirage/Mandalay Resorts merger news knocked him into the buy camp. He notes the bid could fuel questions of, "Who's next?"

He says Caesers could be viewed as a more likely potential acquisition candidate by Harrah's Entertainment, given its desire for increased Vegas exposure, strong brands, and the desire to further consolidate the industry. Even if another mega-deal isn't in the making, he thinks Caesars could still outperform.

Cogan says relative valuation, improved operations, and a "better-than-before" growth story all help Caesars' cause. He upped the $15 target to $18.

blog comments powered by Disqus