Citizens JMP lowered the firm’s price target on Penn Entertainment (PENN) to $24 from $25 and keeps an Outperform rating on the shares. The retail casino business appears stable, particularly in markets not impacted by incremental supply, the analyst tells investors in a research note. The end of the ESPN Bet (DIS) partnership is “welcomed” from the firm, as Citizens feels the relationship never gained traction.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENN:
- Penn Entertainment upgraded to Buy from Hold at Stifel
- PENN Entertainment Shifts Digital Strategy Post-ESPN Termination
- DraftKings Stock (DKNG) Rises after Announcing New Partnership with ESPN
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Unusually active option classes on open November 6th