Barclays Maintains Overweight on PENN Entertainment, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour maintains an Overweight rating on PENN Entertainment (NASDAQ:PENN) but lowers the price target from $26 to $22.
May 03, 2024 | 2:47 pm
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Barclays maintains an Overweight rating on PENN Entertainment but lowers the price target from $26 to $22.
The reduction in the price target by Barclays, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in PENN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100