Brief: Analysts like gaming spinoff
Thursday, Jan. 7, 1999 | 11:48 a.m.
David Anders of Credit Suisse First Boston initiated coverage with a "buy" rating and a 12-month target price of $11 a share, while Jason Ader of Bear Stearns & Co. rated it "attractive" with a 12-month target price of $10.
Park Place stock closed Wednesday at $6.8125, down 31.25 cents, on volume of more than 4 million shares.
Meanwhile, Bruce Turner of Salomon Smith Barney gave Park Place a "neutral" rating and Harry Curtis of BancBoston Robertson Stephens tabbed it a "market perform."
Ader also gave Hilton a "neutral" rating.
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