Morgan Stanley Maintains Equal-Weight on PENN Entertainment, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling maintains an Equal-Weight rating on PENN Entertainment but lowers the price target from $21 to $20.
September 04, 2024 | 12:34 pm
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Morgan Stanley has maintained its Equal-Weight rating on PENN Entertainment but has lowered the price target from $21 to $20, indicating a slightly less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a slightly less optimistic view on PENN Entertainment's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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IMPORTANCE 80
RELEVANCE 100