Penn Entertainment shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $27 to $30.
Portfolio Pulse from Benzinga Newsdesk
Penn Entertainment's stock is trading higher following an upgrade from B of A Securities, which changed its rating from Neutral to Buy and increased the price target from $27 to $30.
November 20, 2023 | 5:00 pm
News sentiment analysis
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POSITIVE IMPACT
Penn Entertainment's stock has received a positive outlook from B of A Securities, with an upgrade to Buy and a raised price target to $30, indicating potential stock appreciation.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as they suggest a better-than-previously-expected future performance. The increase in price target further reinforces the positive sentiment, suggesting that the stock has room to grow beyond its current trading level.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100