PENN Entertainment (PENN) Reiterated at Market Outperform at Citizens as Weather Drives Miss

Citizens analyst Jordan Bender reiterated a Market Outperform rating and $24.00 price target on PENN Entertainment Inc (NASDAQ: PENN).

The analyst commented, "PENN generated $388M of EBITDAR in 4Q25, above consensus expectations by 2%. The casino business saw revenue in line with consensus, yet a slight miss on margins resulted in EBITDAR -1% vs. Street estimates; we believe the weather late in the quarter was the driver of the miss. We view the quarter as a throwaway for the digital business with one-time costs associated with the exit of the ESPN deal impacting total EBITDA. The overall EBITDAR beat was a function of conservatism from the Street around the ultimate impact from expenses related to ESPN.

For an analyst ratings summary and ratings history on PENN Entertainment Inc click here. For more ratings news on PENN Entertainment Inc click here.

Shares of PENN Entertainment Inc closed at $14.64 yesterday.

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