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Why Caesars Entertainment (CZR) Stock Is Down Today
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Shares of Caesars Entertainment (CZR) fell 2.9% in the afternoon session after Jefferies downgraded the stock to Hold from Buy, citing concerns over growth prospects and a 46% drop in earnings from its digital gaming division. Other firms like CFRA and Stifel also cut price targets due to balance sheet concerns and disappointing digital performance, respectively. This negative analyst sentiment followed the announcement of Vice Chair Don Kornstein's planned retirement.
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