BofA lowered the firm’s price target on Caesars (CZR) to $40 from $47.50 and keeps a Neutral rating on the shares. The firm, which notes that its regional casino operator EBITDA estimates are slightly above the Street view, lowered its target to reflect the market re-rating on gaming operators.
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Read More on CZR:
- Caesars price target lowered to $51 from $54 at Stifel
- Caesars call volume above normal and directionally bullish
- Caesars price target lowered to $53 from $57 at JMP Securities
- Truist says Maryland proposing higher tax rates negative for gaming stocks
- Caesars participates in a conference call with Maxim Group