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Jefferies analyst cuts casino operators' forecasts and price targets

Business

Jefferies analyst David Katz lowered forecasts for several gaming companies in an investor note dated 17 April, citing trade uncertainty, uneven economic conditions and market performance. He reduced price targets for six stocks, including Caesars Entertainment from $50 to $36 and Las Vegas Sands from $67 to $53.

Lowered forecasts and price targets give investors updated views amid trade uncertainty and uneven economic conditions.

End-of-day close Las Vegas Sands (LVS), USD, to 30 May 2025
Story date3 March 202530 May 2025

Related company prices

Latest reported results

Caesars Entertainment NASDAQ: CZR

Quarter ended 30 September 2026

Revenue
USD 2.94bn10-Q filing 0001590895-26-000033
Operating income
USD 457.0m10-Q filing 0001590895-26-000033

Las Vegas Sands NYSE: LVS

Quarter ended 30 September 2026

Revenue
USD 3.22bn10-Q filing 0001300514-26-000103
Operating income
USD 618.0m10-Q filing 0001300514-26-000103

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Jefferies highlights per-room earnings at US casino operators

Jefferies analyst David Katz said casino investors should focus on operating efficiency, highlighting earnings per room at Las Vegas Strip operators. Wynn Resorts is expected to generate $180,000 in room-level EBITDA this year, compared with estimated figures of $83,000 for Caesars Entertainment and $77,000 for MGM Resorts International.

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