Susquehanna upgrades Caesars, says ‘too attractive to overlook’

As previously reported, Susquehanna upgraded Caesars (CZR) to Positive from Neutral with a price target of $31, up from $25, calling the current risk/reward “too attractive to overlook.” Earnings revisions are likely to be higher due to its regional portfolio that seems likely to positively inflect in the near-term, the analyst tells investors. Las Vegas expectations should sequentially improve as well, the analyst added.