CZR Stock: $120 Target (Up From $100) By Truist

By Amit Chowdhry ● Apr 27, 2021
  • The shares of Caesars Entertainment Inc (NASDAQ: CZR) have received a price target increase from $100 to $120 by Truist. These are the details.

The shares of Caesars Entertainment Inc (NASDAQ: CZR) have received a price target increase from $100 to $120 by Truist. And Truist analyst Barry Jonas is maintaining a “Buy” rating on the company shares. 

Jonas issued the rating as part of a broader research report about Gaming ahead of the group’s first quarter reports.

And Jonas noted that the earnings out of Churchill Downs and the pre-release from Bally’s had highlighted the opportunity for upside as the vaccine continues to be rolled out along with the stimulus packages. Plus Jonas noted that meaningful sequential pickup in land-based trends that was seen in March appears to be continuing this month.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.