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Penn Entertainment price target lowered to $23 from $25 at Truist
The Fly

Penn Entertainment price target lowered to $23 from $25 at Truist

Truist lowered the firm’s price target on Penn Entertainment (PENN) to $23 from $25 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in the Gaming sector. The fear of a large, deep gaming downturn seems to have passed for now, even though investor sentiment still seems to reflect consumer malaise, the analyst tells investors in a research note.

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