Wells Fargo lowered the firm’s price target on Caesars (CZR) to $53 from $58 and keeps an Overweight rating on the shares following quarterly results. The firm notes Q3 EBITDAR was -1% vs its and Street’s estimates, reflecting downside LV/Regionals and some offset from upside Digital. Wells’ key takeaway was that the regional EBITDAR inflection it had hoped for may not occur in 2025, but free cash flow/share remains strong.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CZR:
- Caesars price target raised to $58 from $54 at JPMorgan
- Caesars Entertainment’s Q3 2024 Earnings Report Highlights
- Caesars price target lowered to $57 from $59 at Barclays
- Closing Bell Movers: Alphabet up over 5% on Q3 earnings beat
- Caesars says received inquiries about asset sales, but nothing is active