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Fly News Breaks for April 17, 2015
PENN
Apr 17, 2015 | 06:32 EDT
JPMorgan upgraded Penn National to Overweight citing an improved risk/reward and low expectations. The firm views the recent pullback in shares as a buying opportunity and raised its price target for the stock to $18 from $16.
News For PENN From the Last 2 Days
PENN
Apr 16, 2024 | 09:48 EDT
PENN
Apr 16, 2024 | 07:23 EDT
As previously reported, Benchmark analyst Mike Hickey initiated coverage of Penn Entertainment with a Hold rating and no price target. While the firm has concerns about the ability of ESPN Bet to significantly influence the U.S. online sports betting market, it also thinks these issues are already reflected to "some degree" in the company's current valuation and contends that given the "diminished valuation" that shares could see a potential valuation reset if ESPN Bet can gradually capture a material market share.
