Wells Fargo Reiterates Equal Weight Rating on PENN Entertainment Inc (PENN)

Needham Reiterates Buy Rating on PENN Entertainment Inc (PENN)

Needham analyst Bernie McTernan reiterated a Buy rating and $26.00 price target on PENN Entertainment Inc (NASDAQ: PENN).

The analyst commented: "In conjunction with the G2E conference, PENN hosted an investor event. Our biggest takeaway is the YoY improvement in PENN's parlay... More

Needham Reiterates Buy Rating on PENN Entertainment Inc (PENN)

Needham analyst Bernie McTernan reiterated a Buy rating and $26.00 price target on PENN Entertainment Inc (NASDAQ: PENN)

The analyst comments "In conjunction with the G2E conference, PENN hosted an investor event. Our biggest takeaway is the YoY improvement in PENN's parlay... More

Truist Securities Reiterates Buy Rating on PENN Entertainment Inc (PENN)

Truist Securities analyst Barry Jonas reiterated a Buy rating and $25.00 price target on PENN Entertainment Inc (NASDAQ: PENN).

The analyst comments "This afternoon, PENN hosted its G2E Investor Day and pre-released Q3 results. The Investor Day was highlighted by continued ESPN Bet progress, with promising early KPIs. PENN also outlined the path ahead for Interactive, which could hold meaningful EBITDA generation in 2026. The Q3 release was generally in-line to us/Street, with softer Retail EBITDA (somewhat expected given company commentary and... More

Deutsche Bank Reiterates Hold Rating on PENN Entertainment Inc (PENN)

Deutsche Bank analyst Carlo Santarelli reiterated a Hold rating and $20.00 price target on PENN Entertainment Inc (NASDAQ: PENN)

The analyst comments "This afternoon, we attended the PENN Investor Day event at the M Resort in Las Vegas. PENN provided a comprehensive... More

Stifel Reiterates Hold Rating on PENN Entertainment Inc (PENN)

Stifel analyst Steven Wieczynski reiterated a Hold rating and $20.00 price target on PENN Entertainment Inc (NASDAQ: PENN).

The analyst commented: "Earlier today we attended PENNs investor presentation at G2E, where management provided a detailed overview of PENN's Interactive/Retail/omni-channel strategy, updated... More

Barclays Reiterates Overweight Rating on PENN Entertainment Inc (PENN)

Barclays analyst Felicia Hendrix reiterated an Overweight rating and $23.00 price target on PENN Entertainment Inc (NASDAQ: PENN)

The analyst comments "PENN held an investor day in Las Vegas today, providing, among other things, its to-date progress within Digital. In short, we came away with a few incrementally bullish takes, but the broader story is unchanged: PENN and DIS/ESPN have a shared vision (and roadmap) for a fully integrated OSB-media product that would be unique in the competitive landscape, but progress toward that functionality is either still in the forward view, or... More

Penn Entertainment sees narrower Q3 loss for online business

Investing.com-- PENN Entertainment Inc (NASDAQ: PENN) said on Monday that it expects a narrower loss from its online gaming business in the third quarter, citing better conditions in the sector and lower expenses.

Penn forecast adjusted earnings before interest,... More

After-hours movers: PENN Entertainment, Scholar Rock, and more

After-Hours Stock Movers:

PENN Entertainment (NASDAQ: PENN) rose 1.5% after it said it expects third quarter 2024 Retail Operations Adjusted EBITDAR to be in the range of $465 million to $475 million.

Scholar Rock Holding Corp. (NASDAQ:... More

PENN Entertainment (PENN) Reports Investor Update as of October 7, 2024

PENN Entertainment, Inc. (Nasdaq: PENN) (the Company) today announced select preliminary financial results for the third quarter ended September 30, 2024. The Company is providing an estimated range for Retail Operations Adjusted EBITDAR* and is updating its Interactive Adjusted EBITDA* estimated range, each for the third quarter 2024, as set out below.

The Company expects third quarter 2024 Retail Operations Adjusted EBITDAR to be in the range of $465 million to $475 million. Estimated third quarter 2024 Retail Operations Adjusted EBITDAR was negatively impacted by approximately $10 million due... More

Barclays Reiterates Overweight Rating on MGM Resorts (MGM)

Barclays analyst Brandt Montour reiterated an Overweight rating and $56.00 price target on MGM Resorts (NYSE: MGM).

The report said, "Brandt Montour previews 3Q24 earnings for the five major US digital gaming operators. Overall, he believes NFL-driven September handle growth, helped by calendar, reasonable promos, and strong iGaming should generate solid results across the board. September handle... More