CORRECTION: Truist Securities Downgrades PENN Entertainment to Hold, Lowers Price Target to $30 - Rating Change Updated
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas has downgraded PENN Entertainment from Buy to Hold and lowered the price target from $33 to $30.
August 10, 2023 | 5:38 pm
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PENN Entertainment has been downgraded from Buy to Hold by Truist Securities, with a lowered price target of $30.
The downgrade from Buy to Hold by Truist Securities indicates a less optimistic outlook for PENN Entertainment. The lowering of the price target from $33 to $30 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
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