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Analyst Upgrades Harrah's Stock

3 October 2002

NEW YORK --Wall Street investment firm CIBC World Markets has upgraded the stock of Harrah's Entertainment Inc. from "Sector Underperformer" to "Sector Performer."

The rating change reflects appreciation in the company's stock, analyst William Schmitt said. "Sector Performer" means the stock is expected to perform in line with peers during the next 12 to 18 months.

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