What's Going On With Caesars Entertainment Stock?

Caesars Entertainment, Inc. CZR shares are trading lower on Wednesday. The company reported its third-quarter earnings results on Tuesday.

What To Know: Caesars Entertainment reported its financial results for the third-quarter after the close of the market on Tuesday. The company posted earnings of 34 cents per share, exceeding estimates of 29 cents. Revenue clocked in at $2.994 billion, beating estimates of $2.932 billion.

Shares of the stock traded lower on Wednesday in response to the news. Also on Wednesday, two analysts lowered their price targets on the stock.

• Barclays analyst Brandt Montour maintained Caesars Entertainment with a Overweight and lowered the price target from $75 to $67.
• Truist Securities analyst Barry Jonas maintained Caesars Entertainment with a Buy and lowered the price target from $70 to $62.

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CZR Price Action: Shares of CZR were down 1.91% at $39.13 at the time of publication, according to Benzinga Pro.

Image by Greg Montani from Pixabay