Caesars price target lowered to $43 from $45 at Stifel

Stifel lowered the firm’s price target on Caesars (CZR) to $43 from $45 and keeps a Buy rating on the shares. The tone of management during an investor group meeting in Las Vega was “upbeat,” but the firm has slightly lowered its near-term estimates to account for softer Strip trends in Q3 and a belief that Caesars’ digital business was materially impacted by customer friendly outcomes, as heard from other digital operators, the analyst tells investors.