Caesars price target lowered to $37 from $43 at Stifel

Stifel analyst Steven Wieczynski lowered the firm’s price target on Caesars (CZR) to $37 from $43 and keeps a Buy rating on the shares. For someone who is “bearish this name, there was probably nothing to make you nervous post this print/call” as digital came in well below expectations, Regional promotional spend is going to continue, and a Strip resurgence “seems well off,” the analyst says. However, the firm ultimately believes in this management team and believes “they will eventually create significant shareholder value,” the analyst added.