JPMorgan lowered the firm’s price target on Caesars (CZR) to $35 from $36 and keeps an Overweight rating on the shares. The firm adjusted targets in the gaming group as part of a Q1 preview. The firm says the sector “remains choppy,” with tax refund upside “clouded” by weakening consumer sentiment and higher fuel prices. JPMorgan’s top ideas into earnings are MGM, Wynn and Las Vegas Sands.
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