Caesars price target raised to $32 from $25 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Caesars (CZR) to $32 from $25 and keeps an Equal Weight rating on the shares after various media outlets suggested that the company is weighing a takeover following interest from potential bidders, including Tillman Fertitta. Caesars’ struggle to drive consistently positive growth has weighed on the stock, but the reports of a potential takeover “could provide a floor,” improving the risk/reward, the analyst tells investors.