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Fly News Breaks for January 5, 2017
PENN
Jan 5, 2017 | 06:27 EDT
JPMorgan analyst Joseph Greff downgraded Penn National to Neutral citing the stock's 13% rally since late October and his lowered 2017 and 2018 estimates. The analyst sees the National Harbor impact as the reason shares don't move higher from current levels. He cut his price target for the shares to $16 from $18.
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.
