Barclays lowered the firm’s price target on Caesars to $67 from $75 and keeps an Overweight rating on the shares. The company delivered on Q3 estimates, mostly driven by a surprisingly strong result in Regionals, the analyst tells investors in a research note. However, the firm’s forward estimates edge lower on Las Vegas wage pressure and general macro concern. Caesars remains its top pick in gaming.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CZR: