The firms said it raised its rating on the equity investment company based on the assets Caesars' recently acquired from Oppenheimer, as well as the company's potential growth opportunities from its online operations, and the development of a resort casino in South Korea, theflyonthewall.com reports.
Shares of Caesars Acquisition are up 1.95% to $10.99 at the start of trading this morning.
Must Read: Warren Buffett's 25 Favorite Stocks
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts