Susquehanna analyst Joseph Stauff lowered the firm’s price target on Penn Entertainment to $26 from $27 and keeps a Positive rating on the shares. The firm thinks the risk/reward is attractive at current levels, especially if the company can inflect its digital business in 2H24. Based on its analysis, Susquehanna thinks its digital strategy can be successful, and now they need to see it inflect in 2H24.
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