Caesars price target lowered to $60 from $62 at Jefferies

Jefferies lowered the firm’s price target on Caesars to $60 from $62 and keeps a Buy rating on the shares. Las Vegas is building better momentum than anticipated, regional gaming is pivoting from consuming to generating cash and digital is accelerating profits, says the analyst, arguing that the quarter from Caesars “highlights the core set-up of our thesis.” The firm believes that expectations have been reset to “bear an upward bias moving forward,” the analyst added.