Caesars price target raised to $88 from $80 at TD Cowen

TD Cowen analyst Lance Vitanza raised the firm’s price target on Caesars to $88 from $80 and keeps an Outperform rating on the shares. The analyst said on the back of strength across its casino portfolio, Caesars generated a strong 1Q by all measures. We increase our estimates to account for an improved outlook, particularly in Las Vegas and in the Digital segments.