Ord Minnett now allows for three months of FY22 trading for the Sydney casino (gambling opens March 2022) and makes other minor adjustments to forecasts, following Crown Resorts' investor day.

Barangaroo will open 160 tables with scope to expand, and the broker notes materially less space is expected to be used compared to original projections by management. The Buy rating and $15 target price are unchanged.

Sector: Consumer Services.

Target price is $15.00.Current Price is $11.45. Difference: $3.55 - (brackets indicate current price is over target). If CWN meets the Ord Minnett target it will return approximately 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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