UPDATE: Jefferies Lowers Price Target On Isle Of Capri Casinos To $7

According to Jefferies, Isle of Capri Casinos ISLE price target is reduced to $7. Jefferies said that although ISLE's 1QFY12 results were solid and indicative of improving operations, it believes the challenging consumer environment could mute top and bottom line growth well into FY2012. “With limited positive catalysts over the near term, we are reducing our PT to $7 and maintaining our HOLD rating on the shares.” Isle of Capri Casinos closed yesterday at $6.21.