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BUZZ-Caesars Entertainment rises after swing to profit in Q4

ReutersFeb 26, 2025 3:05 PM

Updates

Shares of casino operator Caesars Entertainment CZR.O rises 3.15% to ~$36 in early trading

CZR on Tuesday swung to Q4 profit from year-ago loss, driven by strong performance from its casino operations in Las Vegas

Co posted quarterly net income of 5 cents per share, compared with loss of 34 cents a year earlier

12 of 17 brokerages rate stock "buy" or higher, 3 "hold" and two "sell"; median PT is $50 - LSEG data

Stock was down 28.7% in 2024, compared with S&P 500 Casinos & Gaming index .SPLRCCCGL that was down 10.6%

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