Stifel analyst Steven Wieczynski lowered the firm’s price target on Caesars (CZR) to $42 from $51 and keeps a Buy rating on the shares. The firm believes the time has come to model in a moderate recession into estimates and notes that it now essentially assumes there will be a dramatic slowdown in consumer spending and travel starting in the second half and into 2027. Based on other tougher economic periods, the firm’s property EBITDA estimates have been slashed 8% in 2026/2027 and are now about 7% below consensus, but the analyst still believes the “risk/reward is overly compelling at current levels.”
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