Morgan Stanley Maintains Equal-Weight on PENN Entertainment, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Equal-Weight rating on PENN Entertainment (NASDAQ:PENN) but reduced the price target from $24 to $22.
November 13, 2023 | 1:47 pm
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Morgan Stanley has maintained an Equal-Weight rating on PENN Entertainment but lowered the price target from $24 to $22.
The reduction in price target by Morgan Stanley could lead to a negative perception among investors, potentially causing a short-term dip in PENN's stock price. However, since the rating remains unchanged at Equal-Weight, the impact may be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100