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