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Investing.com - Citizens has lowered its price target on Caesars Entertainment (NASDAQ:CZR) to $40.00 from $41.00 while maintaining a Market Outperform rating. The stock, currently trading at $21.73, has seen a steep 52% decline over the past year and sits near its 52-week low of $21.40.
The firm cited expectations of softer quarters for companies with exposure to Las Vegas, including Caesars Entertainment.
Citizens analyst Jordan Bender specifically noted that companies in their coverage universe with Las Vegas operations, such as CZR and MGM, are likely to face challenging conditions.
The analyst also predicted softer quarters from U.S. online gaming divisions due to unfavorable outcomes, affecting companies including CZR, PENN, DKNG, and FLUT.
Despite the price target reduction, Citizens has kept its Market Outperform rating on Caesars Entertainment stock, suggesting continued confidence in the company’s long-term prospects despite near-term headwinds.
In other recent news, Caesars Entertainment reported its Q2 2025 earnings, showcasing significant growth in its digital segment. The company achieved consolidated net revenues of $2.9 billion and an adjusted EBITDAR of $955 million. Despite these strong financial results, Caesars continues to face challenges in the Las Vegas leisure market. Analysts have noted the nuanced investor sentiment, as evidenced by the stock’s performance in aftermarket trading. These developments highlight the company’s ongoing efforts to balance growth in digital platforms with market challenges. Investors are closely monitoring how Caesars navigates these dynamics. The latest earnings report provides a snapshot of the company’s current financial health and strategic direction.
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