Stock Track | Penn Entertainment Soars 5.02% Intraday on Multiple Analyst Upgrades and Price Target Increases

Stock Track

02/28

Penn Entertainment (PENN) stock soared 5.02% during intraday trading on Friday, following a series of positive analyst actions that boosted investor sentiment.

The price surge comes after Deutsche Bank raised its price target on Penn Entertainment to $17 from $16, while Wells Fargo upgraded the stock to Equal Weight from Underweight and increased its price target to $16 from $15. Additionally, Truist Financial reaffirmed its Buy rating on the company with a $20 price target.

These analyst actions indicate growing confidence in Penn Entertainment's prospects, driving increased buying activity during the trading session.

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