Goldman Sachs lowered the firm’s price target on Caesars (CZR) to $34 from $36 and keeps a Buy rating on the shares after its Q2 results. The company saw its Regionals and Vegas EBITDAR miss consensus expectations, with the pressure more acute on the Regional side where EBITDAR declined 6%, the analyst tells investors in a research note. Digital was the bright spot however, with the firm’s commensurate estimate raise going some way to offset the pressures in the other segments, Goldman added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CZR:
- Nevada reports June statewide gaming win up 3.53% to $1.332B
- Caesars price target lowered to $37 from $38 at Truist
- Morning Movers: Wingstop jumps after second quarter report and dividend raise
- Caesars price target raised to $45 from $42 at Stifel
- Caesars price target lowered to $43 from $45 at Citizens JMP