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Stifel Nicolaus Keeps Their Buy Rating on PENN Entertainment (PENN)

Tipranks - Tipranks - Sat Feb 28, 11:16AM CST

Stifel Nicolaus analyst Jeffrey Stantial maintained a Buy rating on PENN Entertainment today and set a price target of $22.00.

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According to TipRanks, Stantial is an analyst with an average return of -8.2% and a 31.10% success rate. Stantial covers the Consumer Cyclical sector, focusing on stocks such as Flutter Entertainment PLC, PENN Entertainment, and DraftKings.

In addition to Stifel Nicolaus, PENN Entertainment also received a Buy from J.P. Morgan’s Daniel Politzer in a report issued today. However, on the same day, Wells Fargo upgraded PENN Entertainment (NASDAQ: PENN) to a Hold.

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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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