Eldorado Resorts Inc (ERI) is Initiated by SunTrust to Buy

Eldorado Resorts Inc (ERI) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on Eldorado Resorts Inc. Company shares were Reiterated by Imperial Capital on Aug 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .

Eldorado Resorts Inc closed down -0.3 points or -2.16% at $13.59 with 2,35,139 shares getting traded on Wednesday. Post opening the session at $13.89, the shares hit an intraday low of $13.59 and an intraday high of $13.91 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 20, 2016, Anthony L. Carano (Exec VP, Gen Counsel and Sec.) purchased 3,000 shares at $14.54 per share price. According to the SEC, on Jun 16, 2016, James B Hawkins (director) purchased 5,000 shares at $14.76 per share price. On May 24, 2016, David P Tomick (director) purchased 7,400 shares at $13.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Eldorado Resorts Inc. (ERI) is a casino entertainment company. The Company’s principal operating activities include owning and operating gaming facilities in three geographic regions: Reno Shreveport and the eastern states. The Company operates through three business segments: Eldorado Shreveport Eldorado Reno and MTR Gaming. The Company conducts its operations through its subsidiaries MTR Gaming Group Inc. (MTR Gaming) Eldorado Holdco LLC (HoldCo) and Eldorado Resorts LLC (Resorts). Its property portfolio includes approximately seven facilities in over five markets with a total of approximately 10230 slot machines and video lottery terminals (VLTs) approximately 300 table games approximately 4850 hotel rooms approximately 35 dining bar and entertainment options and over three pari-mutuel racing facilities. The Company owns and operates approximately seven properties in approximately five states.

Eldorado Resorts Inc

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