Caesars price target raised to $35 from $34 at Citizens

Citizens raised the firm’s price target on Caesars (CZR) to $35 from $34 and keeps an Outperform rating on the shares. Caesars reported an in-line quarter with EBITDAR of $887M, as stronger-than-expected Las Vegas performance offset modest occupancy declines and a softer near-term outlook, the analyst tells investors in a research note. While management flagged some Q2 softness in Las Vegas, broader regional gaming trends remain solid, with improving momentum expected through the remainder of the year driven by property renovations, M&A contributions, and major sporting events, the firm says.