Caesars price target lowered to $58 from $62 at Truist

Truist lowered the firm’s price target on Caesars to $58 from $62 but keeps a Buy rating on the shares as part of a broader research note previewing Q1 earnings in Gaming. The group has underperformed a resilient S&P year-to-date, but consumer discretionary spend – (especially on casino floors – remains sturdy in the face of continued macro uncertainty, the analyst tells investors in a research note. While regional weather impacts and delayed rate cuts have impacted the stocks, the impact is largely priced in at this point, the firm added.