Morgan Stanley analyst Stephen Grambling maintains $Penn Entertainment (PENN.US)$ with a hold rating, and adjusts the target price from $20 to $19.
According to TipRanks data, the analyst has a success rate of 58.4% and a total average return of 3.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Penn Entertainment (PENN.US)$'s main analysts recently are as follows:
In the third quarter, physical establishment trends exhibited sluggishness, while digital offerings have shown robust results. The market size estimate for online sports betting has been raised, although profitability projections have been adjusted downward in anticipation of the upcoming quarterly performance review for the casino gaming sector.
In anticipation of the third-quarter financial results, expectations for the company's land-based retail operations for both the third quarter and the fiscal year 2024 have been moderated to account for unfavorable gaming outcomes and the impact of adverse weather conditions.
Note:
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