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 but lowers the price target from $23 to $22.
October 17, 2024 | 3:08 pm
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Barclays analyst Brandt Montour maintains an Overweight rating on PENN Entertainment, indicating a positive outlook, but lowers the price target from $23 to $22, suggesting a slight decrease in expected valuation.
The Overweight rating suggests a positive outlook for PENN Entertainment, indicating that the stock is expected to outperform the market. However, the slight reduction in the price target from $23 to $22 suggests a minor decrease in expected valuation, which may neutralize the impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100