Caesars price target raised to $56 from $54 at Stifel

Stifel raised the firm’s price target on Caesars to $56 from $54 and keeps a Buy rating on the shares, expressing the view that results outperformed investors’ expectations in Q2. The digital segment “blew away estimates” and with a management team that has made it known they view their stock as “massively undervalued in the mid-$30s,” the firm believes the risk/reward is “overly compelling at current trading levels,” the analyst added.