Caesars price target lowered to $55 from $60 at BofA

BofA lowered the firm’s price target on Caesars to $55 from $60 and keeps a Neutral rating on the shares. Better than expected regional revenues and well controlled costs “were the highlight of the quarter and are encouraging,” the analyst tells investors in a post-earnings note. The firm’s Neutral rating balances stable operating trends, offset by relatively higher fixed costs and leverage, the analyst noted.