Morgan Stanley Maintains Equal-Weight on PENN Entertainment, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on PENN Entertainment but has lowered the price target from $20 to $19.
October 22, 2024 | 5:38 pm
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Morgan Stanley has maintained its Equal-Weight rating on PENN Entertainment but reduced the price target from $20 to $19, 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100