Needham Maintains Buy on PENN Entertainment, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a 'Buy' rating on PENN Entertainment (NASDAQ:PENN), but has lowered the price target from $44 to $33.

November 03, 2023 | 10:47 am
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The lowered price target from $44 to $33 by Needham may cause short-term negative sentiment around PENN Entertainment's stock.
Analyst ratings and price targets can significantly influence investor sentiment. In this case, while the 'Buy' rating is maintained, the lowered price target could indicate perceived risks or challenges, potentially leading to short-term negative sentiment and downward pressure on the stock price.
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