Wells Fargo analyst Daniel Politzer maintains $Penn Entertainment (PENN.US)$ with a hold rating, and adjusts the target price from $18 to $20.
According to TipRanks data, the analyst has a success rate of 60.1% and a total average return of 10.1% 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 for the performance of Penn Entertainment have adjusted in anticipation of the Q3 earnings, with a particular emphasis on high hopes for Macau and moderated expectations for the Las Vegas Strip and local markets. The observation is that regional trends continue to be subdued, and weather conditions have posed an extra challenge.
Heading into Q3, there is a constructive outlook on digital gaming, with the anticipation of positive fundamentals and commentary. Macau faces a pivotal moment, while 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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
