Morgan Stanley Maintains Equal-Weight on Caesars Entertainment, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on Caesars Entertainment (CZR) but lowered the price target from $45 to $44.
February 28, 2024 | 5:44 pm
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Morgan Stanley maintains an Equal-Weight rating on Caesars Entertainment and lowers the price target from $45 to $44.
The adjustment in price target by a major analyst like Morgan Stanley, while maintaining the same stock rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to short-term price adjustments as the market digests this new target, but the unchanged rating indicates that the overall investment thesis for Caesars Entertainment remains stable.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90