{"id":508,"date":"2021-12-23T15:06:53","date_gmt":"2021-12-23T12:06:53","guid":{"rendered":"https:\/\/xxbet-company.com\/caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings\/"},"modified":"2021-12-23T15:06:53","modified_gmt":"2021-12-23T12:06:53","slug":"caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings\/","title":{"rendered":"Caesars, Flutter Are Wells Fargo\u2019s Top Sports Betting Equity Ideas, Tepid on DraftKings"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings\/#Caesars_Flutter_Attractive_After_Pullbacks\" title=\"Caesars, Flutter Attractive After Pullbacks\">Caesars, Flutter Attractive After Pullbacks<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings\/#Downbeat_Sort_of_on_DraftKings\" title=\"Downbeat, Sort of, on DraftKings\">Downbeat, Sort of, on DraftKings<\/a><\/li><\/ul><\/nav><\/div>\n<p>Following a rough stretch for a variety of sports betting stocks, some banks are reassessing ratings and price targets on those names. At Wells Fargo, Caesars Entertainment (NASDAQ:CZR) and <span>Flutter Entertainment (OTC:PDYPY)<\/span> top the list of near-term ideas.<\/p>\n<figure aria-describedby=\"caption-attachment-195847\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-195847 size-full lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-142x95.jpg\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-142x95.jpg\" alt=\"Caesars Palace Las Vegas Sportbook\" width=\"1200\" height=\"800\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-195847 size-full\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1.jpg\" alt=\"Caesars Palace Las Vegas Sportbook\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/12\/CP-1-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">The sportsbook at Caesars Palace Las Vegas. Wells Fargo prefers Caesars and Flutter among sports betting equities. (Image: Caesars)<\/figcaption><\/figure>\n<p>In a note to clients today, analyst Daniel Politzer said Caesars and Flutter, the parent company of FanDuel, offer investors the most compelling risk\/reward profiles in the sports wagering industry at the moment.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>CZR and FLTR offer the best risk\/reward here, as we believe these companies\u2019 management teams have both the credibility and track records to forge a path to profitability (both have said they expect cash flow to turn positive during 2023),\u201d<\/strong> he said in a note to clients.<\/p>\n<\/blockquote>\n<p>Politzer reiterates \u201coverweight\u201d ratings on both names. He <a href=\"https:\/\/www.casino.org\/news\/wells-fargo-likes-gaming-stocks-with-las-vegas-sports-betting-exposure\/\" rel=\"nofollow noopener\" target=\"_blank\">started coverage of 11 gaming stocks<\/a> in mid-September, with Caesars and Flutter also ranking as two of his preferred picks at that time.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Caesars_Flutter_Attractive_After_Pullbacks\"><\/span>Caesars, Flutter Attractive After Pullbacks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Caesars and Flutter are joining other gaming equities to the downside in recent weeks. But there\u2019s no shortage of <a href=\"https:\/\/www.casino.org\/news\/caesars-stock-undervalued-after-recent-slump-says-analyst\/\" rel=\"nofollow noopener\" target=\"_blank\">bullish opinions on the names<\/a>, stating the retrenchments experienced by the stocks could be creating attractive entry points.<\/p>\n<p>Still, Politzer trims his Caesars price target to $127 from $145. But the new forecast implies upside of 47.6 percent from the Dec. 16 close. The Wells Fargo analyst adds the pullback in iGaming and online sports betting equities is creating interesting opportunities, of which Caesars is one.<\/p>\n<div class=\"callout\">\n<p>As for Flutter, FanDuel is the largest online sportsbook operator in the US, and recent state-level data suggests the operator is maintaining or expanding market share in marquee states, such as Michigan and New Jersey. November numbers out of New Jersey also indicate the FanDuel online casino is experiencing hot top-line growth. The obvious 2022 catalyst for Flutter shares is a spin-off of FanDuel. But there\u2019s more to the story.<\/p>\n<\/div>\n<p><span>Flutter, which also owns Paddy Power and PokerStars, controls some of the most recognizable brands in mature betting markets, such as Australia and Europe. That\u2019s while many of its US competitors have no international exposure.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Downbeat_Sort_of_on_DraftKings\"><\/span>Downbeat, Sort of, on DraftKings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Down 31 percent over the past month, DraftKings (NASDAQ:DKNG) is one of the most beleaguered sports betting stocks, and Well\u2019s Fargo\u2019s Politzer offers a lukewarm assessment of the name.<\/p>\n<p>The analyst maintains an \u201coverweight\u201d rating on DraftKings, projecting it as a top-four iGaming\/online sportsbook operator over the long term. But he notes market share trends and the oft-cited <a href=\"https:\/\/www.casino.org\/news\/draftkings-price-target-trimmed-q4-could-be-disappointing\/\" rel=\"nofollow noopener\" target=\"_blank\">path to profitability are lumpy<\/a>.<\/p>\n<p><strong>His $41 price target on the stock, which is well above the $28.50 area at which it currently trades, is based on a 2025 enterprise value\/sales multiple of 5x. That\u2019s compared to DraftKings\u2019 range of 5x to 8x over the past 18 months.<\/strong><\/p>\n<p>Politzer adds the stock\u2019s 44 percent fourth-quarter slide is easing valuation concerns. But that\u2019s not yet inviting buyers, as highlighted by a 14.21 percent decline over the past week.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/caesars-flutter-top-choices-among-sports-betting-equities\/\" target=\"_blank\">Caesars, Flutter Are Wells Fargo\u2019s Top Sports Betting Equity Ideas, Tepid on DraftKings<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Following a rough stretch for a variety of sports betting stocks, some banks are reassessing ratings and price targets on those names. At Wells Fargo, Caesars Entertainment (NASDAQ:CZR) and Flutter Entertainment (OTC:PDYPY) top the list of near-term ideas. The sportsbook at Caesars Palace Las Vegas. Wells Fargo prefers Caesars and Flutter among sports betting equities. <a href=\"https:\/\/xxbet-company.com\/nb\/caesars-flutter-are-wells-fargos-top-sports-betting-equity-ideas-tepid-on-draftkings\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/508"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=508"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/509"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}