Penn Entertainment price target lowered to $19 from $22 at Stifel

Stifel lowered the firm’s price target on Penn Entertainment (PENN) to $19 from $22 and keeps a Hold rating on the shares. The risk-reward “appears increasingly compelling,” though the firm maintains its Hold rating as it waits for greater catalyst path visibility, notes the analyst, who adjusted the firm’s model for Q1 adverse weather, adding that its FY25 estimates remain intact.