Craig-Hallum Maintains Hold on PENN Entertainment, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl maintains a Hold rating on PENN Entertainment (NASDAQ:PENN) and lowers the price target from $25 to $20.

May 03, 2024 | 4:55 pm
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Craig-Hallum analyst Ryan Sigdahl maintains a Hold rating on PENN Entertainment and lowers the price target from $25 to $20.
The reduction in the price target by Craig-Hallum could lead to a negative short-term sentiment among investors, potentially causing a decrease in PENN Entertainment's stock price. The Hold rating suggests that the analyst sees limited upside or downside potential from the current price level, but the lowered price target indicates a revision of the stock's future valuation, which could impact investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100