Caesars and Golden Entertainment Outlooks
David Bain from Texas Capital Securities recently provided insights into the outlooks for Caesars and Golden Entertainment. The company announced a 2.6% reduction in 2025 EBITDAR estimates for these entities while 2026 estimates remain unchanged. Bain pointed to strong convention growth as a future positive impact, enhancing stock value for Caesars and keeping Golden Entertainment undervalued.
Churchill Downs Performance
David Katz from Jefferies reviewed Churchill Downs’ second-quarter performance, noting significant revenue and adjusted EBITDA figures that surpassed projections. The company launched a $500 million share buyback and planned upgrades for the iconic Derby, setting a positive trajectory through 2026. Current growth is supported by operations in Virginia and Kentucky. Katz increased the price target to $131, endorsing a buy recommendation.
GLPI Insights
Barry Jonas from Truist Securities analyzed Gaming and Leisure Property’s Q2 performance, noting stable operations. Despite minor tenant concerns, GLPI advances with strong prospects, particularly through the Bally’s Chicago project. The $60 price target remains firm, reflecting confidence in the company’s cashflow robustness.
Boyd’s Performance
J.P. Morgan’s Dan Politzer highlighted Boyd’s positive earnings, with a notable 3% EBITDAR growth above expectations. Following a 5% FanDuel sale, Boyd has increased its share repurchase target, showing strength in the Las Vegas locals sector. Boyd maintains low leverage with an optimistic outlook for returning to a mid-2x range by FY26, focusing on capital expenditure and share repurchases. Read more news.
