Raymond James analyst RJ Milligan lowered the firm’s price target on Caesars (CZR) to $43 from $49 and keeps a Strong Buy rating on the shares. Raymond James sees two nearer-term catalysts, including significant de-leveraging in the second half of 2025 and 2026 using free cash flow and the continued execution on the digital side through 2H25 making the path to $500M of EBITDA more clear, the analyst tells investors in a research note.
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