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StumbleResearch company issues recommendation
Wednesday, Feb. 26, 2003 | 9:45 a.m.
Research company Zacks.com has issued a sell recommendation for Harrah's Entertainment Inc.
While the company's fourth-quarter earnings improved upon the same period last year, it missed Wall Street expectations, the firm said.
Analysts have reduced the company's earnings estimates for this year and next, it continued.
Zachs.com, a property of Zacks Investment Research Inc., said it recommends waiting for analysts to increase Harrah's earnings estimates before investing, even given the company's healthy increase in revenues during the period.
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