Goldman Sachs lowered the firm’s price target on Caesars (CZR) to $25 from $29 and keeps a Buy rating on the shares. Caesars’ challenges in Vegas were well flagged given recent data, but the magnitude of the EBITDAR decline was greater than expectations, the analyst tells investors in a research note. The firm believes Q3 trends mark the bottom for Vegas, with improving year over year trends from here.
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