Caesars price target lowered to $41 from $43 at Citizens JMP

Citizens JMP lowered the firm’s price target on Caesars (CZR) to $41 from $43 and keeps an Outperform rating on the shares. Conversations with general managers at St. Louis, Missouri properties highlight strong trends continuing into mid-September, providing a positive backdrop for regional gaming heading into Q3 earnings, the analyst tells investors in a research note. The momentum is on the back of higher spend per visit, while visitation is roughly flat, the firm says.