Morgan Stanley Maintains Equal-Weight on PENN Entertainment, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Equal-Weight rating on PENN Entertainment (NASDAQ:PENN) and lowered the price target from $27 to $26.
September 18, 2023 | 1:54 pm
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Morgan Stanley has maintained an Equal-Weight rating on PENN Entertainment and lowered the price target from $27 to $26.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of PENN Entertainment in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
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