Barclays raised the firm’s price target on Penn Entertainment (PENN) to $24 from $23 and keeps an Overweight rating on the shares post the Q1 report. The company’s internet gaming mix shift and cost rationalization brought its digital segment near break-even, while retail gaming earnings upside for 2026 remains intact, the analyst tells investors in a research note. Barclays believes Penn’s positive earnings revision cycle is underway.
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