Caesars, SeaWorld downgraded on ‘waning’ confidence in ability to withstand looming recession

By admin July 13, 2022 #ability, #Advertising, #Advertising Services, #Advertising/Marketing/Public Relations, #amusement, #Amusement/Theme Parks, #analyst comment, #Analyst Comment/Recommendation, #article_normal, #Arts, #bars, #Biopharmaceuticals, #Biotechnology, #Business, #Business/Consumer Services, #C&E Exclusion Filter, #C&E Industry News Filter, #Caesars, #Caesars Entertainment Inc., #Capital, #Casino Hotels, #commodity, #Commodity/Financial Market News, #confidence, #Consumer Products, #consumer services, #Content Types, #Corporate, #Corporate/Industrial News, #CZR, #disruptions, #downgraded, #Earnings, #economic growth, #Economic Growth/Recession, #economic news, #economic performance, #Economic Performance/Indicators, #Entertainment Venues, #Equity Markets, #Factiva Filters, #financial market news, #Financial Performance, #Funding, #Funding/Capital, #Gambling Industries, #HAS, #Hasbro Inc., #Healthcare, #Healthcare/Life Sciences, #hospitality, #hotels, #Hotels/Motels, #indicators, #industrial news, #leisure, #Leisure/Arts/Hospitality, #Leisure/Travel Goods, #life sciences, #lodgings, #Lodgings/Restaurants/Bars, #looming, #Marketing, #motels, #Pharmaceuticals, #Public Relations, #Recession, #recommendation, #restaurants, #SEAS, #SeaWorld, #SeaWorld Entertainment Inc., #share price movement, #Share Price Movement/Disruptions, #Sports Goods, #theme parks, #Tourism, #travel goods, #Vista Outdoor Inc., #VSTO, #waning, #withstand, #YETI, #YETI Holdings Inc.

Caesars, SeaWorld downgraded on 'waning' confidence in ability to withstand looming recession

Shares of Caesars Entertainment Inc. and SeaWorld Entertainment Inc. slumped Wednesday after downgrades from KeyBanc analyst Brett Andress, who cited growing concerns over the companies’ prospects as a potential economic recession looms.

Andress, who covers consumer-related leisure facilities, cut his ratings on casino operator Caesars and theme park operator SeaWorld to sector weight after being overweight on Caesars for the past 18 months and on SeaWorld for at least the past 2 1/2 years.

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Caesars, SeaWorld downgraded on ‘waning’ confidence in ability to withstand looming recession

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