Truist Securities Maintains Buy on PENN Entertainment, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on PENN Entertainment but lowered its price target from $25 to $23.
October 23, 2024 | 1:56 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on PENN Entertainment, indicating continued confidence in the stock. However, the price target has been lowered from $25 to $23, suggesting a more conservative outlook on its short-term price potential.
The maintenance of a Buy rating suggests that the analyst still sees value in PENN Entertainment, but the lowered price target indicates a tempered expectation for its short-term price performance. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100