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Truist Financial Reaffirms Their Buy Rating on PENN Entertainment (PENN)

Tipranks - Tipranks - Sat Feb 28, 7:00AM CST

Truist Financial analyst Barry Jonas maintained a Buy rating on PENN Entertainment today and set a price target of $20.00.

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Jonas covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Caesars Entertainment, and Red Rock Resorts. According to TipRanks, Jonas has an average return of 1.5% and a 41.83% success rate on recommended stocks.

In addition to Truist Financial, PENN Entertainment also received a Buy from Barclays’s Brandt Montour in a report issued today. However, on the same day, Needham reiterated a Hold rating on PENN Entertainment (NASDAQ: PENN).

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Based on PENN Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a GAAP net loss of $73 million. In comparison, last year the company earned a revenue of $1.67 billion and had a GAAP net loss of $133.3 million

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