Eldorado Resorts Still Has Runway Post-Isle Acquisition – Our Price Target Now $35 By Q2 2018By Howard Jay Klein, Seeking Alpha.comSeptember 15, 2017 at 11:42 pm On Sept. 20, 2016, we called Eldorado Resorts (NASDAQ:ERI) a buy at $14.25. It’s price at the time this was written is $24.60, up over 70%. We’ve put a price target on the shares of $35 by Q2 2018.Today, we reconfirm that target as the company is rapidly moving forward in terms of its goals, just as we expected. As we wrote back then — and want to reiterate — a tight focus on the customer is part of the Carano family DNA, now three generations deep in gaming. That operating culture will infuse all of the Isle of Capri properties that remain in the ERI portfolio. It will, after absorption of transaction costs, produce accretive EBITDA from the $1.7b acquisition at $23 a share, a buyer’s acquisition multiple of 7.4X. This is a good value, in our view.