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VICI Properties (VICI) Price Target Cut to $34 at Baird Following Earnings Update
Baird has cut its price target for VICI Properties (VICI) to $34 from $36, while maintaining an Outperform rating. This adjustment follows the company’s strong fourth-quarter results, during which CEO Edward Pitoniak reported significant growth in property-level performance and President John Payne detailed $2.1 billion in strategic financing deals and partnerships in 2025. VICI Properties, a real estate investment trust focused on gaming and hospitality, continues to expand its portfolio and reinforce its financial health.