Caesars upgraded to Neutral on valuation at Susquehanna

Susquehanna upgraded Caesars (CZR) to Neutral from Negative with an unchanged price target of $30. The firm no longer sees an actionable short with the shares now close to its price target Susquehanna is “well aware” of softer February trends regionally due to weather and thinks Caesars will continue to underperform peers, but it believes the stock now discounts the softer February results. Las Vegas investor sentiment is low, the analyst tells investors in a research note.