Barclays analyst Brandt Montour maintains $Penn Entertainment (PENN.US)$ with a buy rating, and adjusts the target price from $23 to $22.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 11.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Penn Entertainment (PENN.US)$'s main analysts recently are as follows:
Expectations are high for Macau, while those for the Las Vegas Strip and local markets have been adjusted. Regional trends continue to be subdued, with weather factors posing additional challenges.
For Q3, the outlook is particularly positive for digital gaming, where fundamentals and commentary are showing the most promise. Meanwhile, the situation in Macau is seen as a pivotal point, and there is a cautious stance on land-based U.S. gaming.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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