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Century Casinos price target lowered to $4 from $5 at Citizens JMP

Citizens JMP lowered the firm’s price target on Century Casinos (CNTY) to $4 from $5 and keeps an Outperform rating on the shares. Century Casinos’ Q4 revenue missed consensus estimates, as did its EBITDA, as headwinds continue to plague the story on the back of weakness across the high-end consumer, the analyst tells investors in a research note. While the the outlook is not progressing along the original expected ramp, following the capex cycle over the last several years, the company is now on a path to generate positive free cash flow of $11M in 2025 and $29M in 2026, the firm says.

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