Truist Securities Upgrades PENN Entertainment to Buy, Maintains Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas upgraded PENN Entertainment (NASDAQ:PENN) from Hold to Buy while maintaining the price target at $23.

April 23, 2024 | 10:38 am
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PENN Entertainment was upgraded by Truist Securities from Hold to Buy, with a maintained price target of $23.
Upgrades by analysts, especially from Hold to Buy, typically signal a positive outlook on the stock, suggesting potential upside. Maintaining the price target indicates a steady valuation but the upgrade could drive short-term interest and price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100