Caesars price target raised to $28 from $23 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on Caesars (CZR) to $28 from $23 and keeps a Neutral rating on the shares. The firm noted regional gaming beat estimates while Las Vegas missed. The firm feels the CEO’s commentary was of limited value which more likely erodes credibility further, when he commented on April trends where its rated customer grew versus its un-rated play that was “softer” suggesting the consumer would stay resilient while arguing Wall Street is overlooking benefit of lower gas prices/other factors.