Barclays Maintains Overweight on PENN Entertainment, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Felicia Hendrix maintains an Overweight rating on PENN Entertainment (NASDAQ:PENN) but lowers the price target from $27 to $26.

April 19, 2024 | 2:58 pm
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Barclays maintains an Overweight rating on PENN Entertainment but lowers the price target from $27 to $26.
The adjustment in price target by Barclays reflects a slight negative sentiment towards PENN Entertainment's short-term price potential, despite maintaining a positive Overweight rating. This could lead to mixed reactions in the market, with the lowered price target potentially causing some investors to adjust their expectations downwards, while the maintained Overweight rating could still signal underlying confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100