Evercore ISI downgraded VICI Properties (VICI) to In Line from Outperform with a price target of $32, down from $36. The firm has growing concerns over the regional gaming lease with Caesars (CZR) and how a low coverage ratio gets resolved, the analyst tells investors in a research note. Evercore prefers to wait on the sidelines until there is more clarity on timing and the ultimate outcome.
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