Caesars price target raised to $58 from $56 at Stifel

Stifel raised the firm’s price target on Caesars to $58 from $56 and keeps a Buy rating on the shares. After management conducted an investor meeting at G2E in Las Vegas, the firm said the tone was “positive” and Stifel believes the market continues to discount the long-term free cash flow potential of Caesars’ brick and mortar business and ability to de-lever.