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Analyst: Harrah's Could Outperform Rivals

10 Apr 2006

NEW YORK – As reported by Reuters: "Shares of Harrah's Entertainment Inc., the world's biggest casino operator, could outperform many of its rivals over the next year or 18 months, Barron's reported in its April 10 edition.

"…Wahid Chammas, an analyst at Janus Fund Group, said in the article that if Harrah's looks likely to reach Wall Street's target for 2008 earnings, than the company's stock could be worth a price to earnings multiple of 25.

"That value would imply a price of $100 a share by the middle of 2007, Barron's said…"

 
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