Morgan Stanley Maintains Equal-Weight on PENN Entertainment, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian maintains an Equal-Weight rating on PENN Entertainment (NASDAQ:PENN) and lowers the price target from $28 to $27.
June 16, 2023 | 1:07 pm
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Morgan Stanley maintains an Equal-Weight rating on PENN Entertainment and lowers the price target from $28 to $27.
The news directly mentions PENN Entertainment and the lowered price target by Morgan Stanley. This may cause some short-term uncertainty among investors, but the Equal-Weight rating suggests that the stock is expected to perform in line with the market. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100