HARRAH'S EARNINGS ESTIMATES LOOK HIGHER

January 11, 2002 12:40 AM
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Two of the nation's foremost analysts have upgraded their estimates for the fourth quarter earnings of Harrah's Entertainment.

The Las Vegas Sun reported that both David Anders of Merrill Lynch and Jason Ader of Bear Stearns believe the prices will rise several cents per share over previously estimates.

Anticipated strong December numbers from Atlantic City and Midwestern gaming markets had Anders raising Harrah's stock at 40 cents per share from 37. Ader upped his figures from 35 cents to 39.

Robertson Stephens gaming analyst Harry Curtis also raised MGM MIRAGE from a "buy" to "strong buy." Curtis thinks the company's cash flow will hit from $1.2 to $1.25 billion in 2003.