Barclays cuts PT on some casino operators
ReutersApr 22, 2025 3:46 PM
Barclays cut PT on some U.S. casino operators on longer-than-expected slowdown in Las Vegas and Macau
Brokerage cuts its Price Targets on Las Vegas Sands Corp LVS.N, Caesars Entertainment CZR.O, MGM Resorts MGM.N, and WYNN Resorts WYNN.O
Says "protracted slowdown will hurt Las Vegas more than regionals or digital"
Barclays keeps rating for all four co's unchanged at 'overweight'
As of last close, S&P 500 Casinos & Gaming index .SPLRCCCGL declined 26.2% YTD
Company | New PT | Old PT |
Las Vegas Sands | $53 | $58 |
MGM Resorts | $41 | $47 |
Wynn Resorts | $99 | $116 |
Caesars Entertainment | $44 | $54 |
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