PENN Entertainment Reports Second Quarter Results
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Needham Reiterates Buy Rating on PENN Entertainment Inc (PENN)
August 9, 2024 5:19 AM EDTNeedham analyst Bernie McTernan reiterated a Buy rating and $26.00 price target on PENN Entertainment Inc (NASDAQ: PENN)
The analyst comments "We reiterate our Buy rating on PENN and $26 PT following better than expected 2Q24 earnings driven by a narrower than expected... More
PENN Entertainment Inc (PENN) PT Raised to $19 at JPMorgan
August 8, 2024 1:03 PM EDTJPMorgan analyst Joseph Greff raised the price target on PENN Entertainment Inc (NASDAQ: PENN) to $19.00 (from $18.00) while maintaining a Overweight rating.
The analyst comments "Post 2Q24 results, our full-year 2024 land-based casino EBITDAR estimate remains $1.954b, while we reduce our Interactive loss to $485m versus our prior estimated $525m loss. In 2025, we project land-based EBITDAR of $1.91b, also right in line with our prior estimates (though regional performance swings around a little bit) and we lower our Interactive loss to $75m from our prior $150m loss. As we have written... More
Deutsche Bank on PENN Entertainment Inc (PENN): 'We don't expect much of a reaction to the 2Q24 results on their own'
August 8, 2024 8:04 AM EDTDeutsche Bank analyst Carlo Santarelli reiterated a Hold rating and $18.00 price target on PENN Entertainment Inc (NASDAQ: PENN).
The analyst comments "This morning, PENN reported 2Q24 adjusted EBITDAR of $367 mm, which compared favorably to our $345 mm forecast and Consensus Metrix Consensus of $342 mm. The beat was entirely related to... More
