As previously reported on Friday, Scotiabank downgraded VICI Properties (VICI) to Sector Perform from Outperform with a price target of $30, down from $36, citing the overhang from the Caesars (CZR) Regional Master Lease and a trend of more limited external growth. The firm believes management can reach a satisfactory outcome on the lease, but until there is more certainty, it thinks the stock struggles to gain traction, the analyst told investors.
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