Truist Securities Maintains Buy on Caesars Entertainment, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas maintains a Buy rating on Caesars Entertainment (CZR) but lowers the price target from $62 to $58.

April 23, 2024 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Caesars Entertainment but lowers the price target from $62 to $58.
The adjustment in price target by Truist Securities reflects a nuanced view on Caesars Entertainment's future performance. While the Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in price target suggests a recalibration of expectations possibly due to market conditions or company-specific factors. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target against the backdrop of ongoing support from Truist Securities.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100