Penn Entertainment price target lowered to $30 from $36 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Penn Entertainment to $30 from $36 and keeps an Overweight rating on the shares. The analyst expects solid underlying trends in Las Vegas and regionals to be in-line virus “muted” expectations for the gaming names. However, updates on union-related risk and cyberattack aftermath is equally important for near-term sentiment, the analyst tells investors in a research note. For digital, the firm expects modest upside to bottom-line results, but says the topic of new competition will remain center-stage