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Fly News Breaks for January 16, 2019
CZR
Jan 16, 2019 | 07:15 EDT
BofA/Merrill analyst Shaun Kelley downgraded Caesars to Neutral from Buy and lowered its price target to $9. Kelley is using the rally year-to-date in shares to downgrade saying he is more cautious longer-term towards Las Vegas pricing power and growth.
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