CZ CZR Caesars Entertainment Loading... : Bullish and Bearish Analyst Opinions

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Observes CZR is still in a "go shop" period (M&A process), no directional view stated.

Reports Caesars’ narrower loss and revenue growth from earnings release, no directional view stated.

Hedgeye Gaming/Leisure analyst Jenks issues a Buy call on Caesars Entertainment; no catalyst or reasoning provided in the tweet.

SHARES OF CAESARS MAKING A BIG MOVE LATE IN THE REGULAR TRADING SESSION ON A REPORT THAT TILMAN FERTITTA IS IN TALKS TO BUY THE COMPANY FOR $7 BILLION. M&A activity and competing bids, such as the reported $34 per share offer from Fertitta compared to previous interest from Carl Icahn, can create a bidding war that drives the stock price toward or above the proposed acquisition premium. WATCH CZR for arbitrage opportunities or further M&A developments as activist investors and buyers circle the company. The deal falls through, financing cannot be secured, or regulatory hurdles prevent the acquisition, causing the stock to lose its M&A premium.

"Billionaire Tilman Fertitta in exclusive talks to buy the company for about $7 billion. You're talking about $34 a share." With the stock trading below $30 and a credible $34/share bid from Fertitta (topping Carl Icahn's bid), there is a clear arbitrage opportunity and potential for further upside if a bidding war ensues. LONG CZR for M&A arbitrage and potential bidding war upside. The deal falls through, regulatory hurdles block the acquisition, or financing issues arise.

Author floats a bearish view on CZR citing Caesars Digital's exposure to regulatory and tax policy risk, but position language is conditional/past-tense and buyout interest is acknowledged as a counter.