JPMorgan analyst Joseph Greff downgraded Penn Entertainment to Neutral from Overweight with a price target of $39, up from $38. The shares are trading near fair value with less upside potential than Las Vegas Strip centric or Las Vegas Locals centric operators, Greff tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PENN:
- Penn National call volume above normal and directionally bullish
- Goldman 13-F filing on Penn Entertainment ‘interesting,’ says Gordon Haskett
- Unusually active option classes on open November 14th
- Bet On It: Propositions to legalize sports betting in California fall short
- Mattress Mack’s huge win as Astros take title seen hitting every U.S. sportsbook