Mizuho lowered the firm’s price target on Penn Entertainment (PENN) to $24 from $25 and keeps an Outperform rating on the shares post the Q1 report. With underlying core trends sequentially improving, a tax bill potentially positively impacting the low and mid consumer in the second half of the year, which is not being considered in investor sentiment, and interactive “optionality, Penn shares “should grind higher,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENN:
- Penn Entertainment price target lowered to $17 from $19 at Stifel
- PENN Entertainment Reports Strong Q1 2025 Results
- Penn National Gaming: Hold Rating Amidst Financial Challenges and Uncertain Market Share Gains
- PENN Entertainment’s Earnings Call Highlights Resilience and Growth
- Positive Outlook for Penn National Gaming Despite Q1 EBITDAR Shortfall: Focus on Interactive Segment and iGaming Momentum
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue