JMP Securities Maintains Market Outperform on Caesars Entertainment, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jordan Bender maintains a Market Outperform rating on Caesars Entertainment (NASDAQ:CZR) but lowers the price target from $65 to $62.

April 19, 2024 | 11:10 am
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NEUTRAL IMPACT
JMP Securities maintains a Market Outperform rating on Caesars Entertainment but lowers the price target from $65 to $62.
The adjustment in price target by JMP Securities reflects a slight moderation in their valuation assessment of Caesars Entertainment, likely due to updated market conditions or company performance insights. However, maintaining the Market Outperform rating indicates a continued positive outlook on the company's prospects. This mixed signal could lead to neutral short-term price movement as investors digest both the continued endorsement and the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100