JPMorgan upgraded Penn Entertainment (PENN) to Overweight from Neutral with a $27 price target The firm presently sees a favorable risk-reward, with sightline to a bottoming of its regional land-based-casino cashflow generation, with a path to aggregate growth. In addition, the firm sees reasonably set expectations for near-term Interactive losses for Q4 and 2025 with buy-side expectations for modestly positive EBITDA generation in 2026.
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