Union Gaming sees Eldorado Resorts rally extending [Seeking Alpha]
ELDORADO RESORTS (ERI)
Last eldorado resorts earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
ir.eldoradoresorts.com
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Source: Seeking Alpha
Union Gaming sees Eldorado Resorts rally extendingUnion Gaming sees more upside for Eldorado Resorts (ERI+0.6%) even after shares soared 16% yesterday following the Tropicana deal."Our investment thesis remains unchanged as we expect the company will execute similarly to its acquisition and integration of ISLE. We believe the Tropicana acquisition is a great fit for ERI that meets all of the company's M&A criteria," writes analyst John DeCree.DeCree also sees upside from the $40M synergy target set by the company on the Tropicana pickup.Eldorado is kept lined up at a Buy rating and assigned an increased price target of $50. The firm has had a Buy rating on ERI for over a year, helping investors that bought early to a huge return.Previously:Eldorado soars to record high after Tropicana deal (April 16)Click to subscribe to real-time analytics on ERINow read:Strike at Latam Airlines expected to end »
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