Needham analyst Bernie McTernan lowered the firm’s price target on Penn Entertainment to $50 from $60 and keeps a Buy rating on the shares after its Q4 results and guidance. The company continues to provide a positive outlook for its interactive business, but the firm is taking a more conservative view towards the ramp in profitability, now assuming "hockey stick growth" in FY25 instead of FY24, the analyst tells investors in a research note.
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