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J.P. Morgan raises Penn rating and price target to $27

Business

J.P. Morgan analyst Joseph Greff raised Penn Entertainment’s rating to Overweight from Neutral and its price target to $27 from $19 in a 12 December investor note. Greff cited expectations for improved casino cash flow and a positive return on digital investments in 2026, while warning that Penn could close its online operations if they fail to become profitable.

Investors can weigh expected casino cash flow and digital returns against the risk Penn may close unprofitable online operations.

End-of-day close PENN Entertainment (PENN), USD, to 27 January 2025
Story date29 October 202427 January 2025

Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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