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Caesars Entertainment (CZR) Climbs 9% on Rating, PT Upgrade
Yahoo Finance· 2026-01-09 02:35
Core Viewpoint - Caesars Entertainment Inc. has shown strong performance recently, with a significant stock price increase following a rating upgrade and price target revision by an investment firm [1][2]. Group 1: Stock Performance - Caesars Entertainment's stock rose by 9 percent to close at $25.07 after two days of losses [1]. - The investment firm Susquehanna upgraded its rating from "neutral" to "positive" and raised the price target by 24 percent from $25 to $31 [2]. Group 2: Earnings Outlook - The optimistic revision reflects expectations for higher earnings driven by strong regional operations, which account for 40 percent of the company's value [3]. - Improvements are anticipated from normalized promotional spending and additional factors such as tax refunds [3]. Group 3: Operational Insights - Susquehanna expects sequential improvement in Caesars' Las Vegas operations, influenced by a higher group and convention mix, particularly benefiting the company in the fourth and first quarters [4]. - Despite facing strategic gaps compared to premium competitors, Caesars, as a low-cost operator with high financial leverage, has the potential to drive share prices higher if expected improvements materialize [5].