Tiger Brokers

BUZZ-Susquehanna upgrades Caesars' rating, says stock fairly valued

Reuters
Mar 06
BUZZ-Susquehanna upgrades Caesars' rating, says stock fairly valued

** Susquehanna raises rating on casino operator Caesars Entertainment CZR.O to "neutral" from "negative", maintains PT of $30

** "With CZR now trading at our PT of $30, we no longer see an actionable short in its shares," brokerage says

** Susquehanna says investors are aware of softer February trends regionally, due to weather, and sees CZR likely to continue to under-perform peers

** However, brokerage notes CZR shares seem to "discount these softer February results before more hopeful expectations get pinned to March trends"

** Says CZR is challenged in foreseeable future, while stock is fairly valued

** 12 brokerages rate stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is $50 - data compiled by LSEG

** Stock down 10.4% YTD including session's declines, compared with 28.7% fall in 2024

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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