Morgan Stanley Maintains Equal-Weight Rating for Caesars Entertainment: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley maintains its Equal-Weight rating for Caesars Entertainment (NASDAQ:CZR) and lowers its price target from $57.00 to $54.00. Shares of Caesars Entertainment are trading down 1.25% at $49.59 per share.

June 16, 2023 | 5:01 pm
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Morgan Stanley maintains Equal-Weight rating for Caesars Entertainment and lowers price target from $57.00 to $54.00. Shares are trading down 1.25% at $49.59.
Morgan Stanley's decision to maintain its Equal-Weight rating for Caesars Entertainment indicates a neutral outlook for the stock. However, the lowered price target from $57.00 to $54.00 suggests a potential upside of 8.89% from the current share price. The stock is trading down 1.25% at $49.59, which may be a short-term reaction to the news. Overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100