Penn Entertainment resumed with a Neutral at BofA
The Fly

Penn Entertainment resumed with a Neutral at BofA

BofA analyst Shaun Kelley resumed coverage of Penn Entertainment (PENN) with a Neutral rating and $22 price target after moving from No Rating. The firm thinks Penn has returned to trading on fundamentals and sees the risk-reward as balanced. The firm sees estimate risk, but thinks Penn is moving past peak losses, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App