What's Going On With Caesars Entertainment Stock?
Portfolio Pulse from Ryan Gustafson
Caesars Entertainment, Inc. (NASDAQ:CZR) reported its Q3 earnings, exceeding estimates with earnings of 34 cents per share and revenue of $2.994 billion. Despite the positive results, the company's shares traded lower on Wednesday after two analysts, from Barclays and Truist Securities, lowered their price targets on the stock.
November 01, 2023 | 7:44 pm
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Caesars Entertainment exceeded Q3 earnings estimates but saw its stock price fall after two analysts lowered their price targets.
Despite reporting better-than-expected Q3 earnings, Caesars Entertainment's stock price fell. This is likely due to the lowered price targets from Barclays and Truist Securities, which may have led investors to sell their shares, causing the price to drop.
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