Caesars price target lowered to $45 from $53 at Citizens JMP

Citizens JMP analyst Jordan Bender lowered the firm’s price target on Caesars (CZR) to $45 from $53 and keeps an Outperform rating on the shares. Underlying fundamentals across brick-and-mortar casinos currently appear stable, but the firm is cutting estimates and price targets across the group in the face of uncertainty, the analyst tells investors.