Caesars addition of Icahn execs to board ‘positive’ for shares, says Jefferies

The announcement that two Icahn executives will join the board of directors of Caesars (CZR) is “not surprising,” but incrementally positive for the shares, Jefferies analyst David Katz tells investors in a research note. The firm, which has a Buy rating and $50 price target on the shares, thinks there is potential value upside in the digital business once its earnings power is established, as is the case with the other segments of the business.