Truist analyst Barry Jonas raised the firm’s price target on Caesars (CZR) to $32 from $29 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 earnings in Gaming. The sector remains out of favor but Regionals has the best set up heading into Q1 results, benefiting from players staying closer to home, the analyst tells investors in a research note. In Las Vegas, the Strip trends look better sequentially but still aren’t growing and the Locals face near-term idiosyncrasies, while Digital remains challenged amidst online sports betting growth and prediction market concerns, Truist added.
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Read More on CZR:
- Caesars extends talks with Fertitta on $32 per share bid, Bloomberg says
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- Caesars buyout in low-to-mid-$30s ‘achievable,’ says JPMorgan
- Caesars price target lowered to $35 from $36 at JPMorgan
- Caesars price target raised to $24 from $22 at Wells Fargo