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Codere Online price target lowered to $9 from $10 at Stifel

Stifel analyst Jeffrey Stantial lowered the firm’s price target on Codere Online (CDRO) to $9 from $10 and keeps a Buy rating on the shares. The firm lowered its FY25 and FY26 estimates after flowing through Q3 hold impact and moderating its out-year view on the Mexico tax hike net impact, the analyst tells investors in a post-earnings note.

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