Capri Casinos (NASDAQ:ISLE) Capital Cost Challenge to Continue

With Capri Casinos (NASDAQ:ISLE) increase in capital cost not looking to go away any time soon, Jefferies has lowered their EPS estimates and PT on them, while maintaining their "Hold" rating.

EPS estimates for full year 2011 were lowered from $0.31 to $0.11 and for 2012 they dropped it from $0.38 to 0.02. EBITDA estimates for full year 2011 were lowered from $182.9 to $178.4 and for 2012 from $192.9 to $191.6.

Jefferies maintains their "Hold" rating on Capri Casinos, which closed Friday at $9.54, gaining $0.42, or 4.61 percent. They have a price target of $8.50 on them, dropping it from $9.