NEW YORK (TheStreet) -- Caesars Acquisition Co. (CACQ) was upgraded to "outperform" from "in-line" at Imperial Capital on Wednesday.

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. 

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