Stifel raised the firm’s price target on Caesars to $80 from $74 and keeps a Buy rating on the shares. The firm’s estimates are being raised by about 1% per year and its price target is now based on its 2025 sum-of-the-parts valuation as it has moved from 2024 to 2025, the analyst explains. The firm, which continue to see upside to long-term estimates and a path to about $5B in EBITDA, believes the recent selloff in shares around the cyber-attacks has “created an overly compelling entry point,” the analyst added.
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