Sentiment Trading

Mizuho has cut its price target for Penn Entertainment Inc. to $24, but maintains an ‘Outperform’ rating, sparking market buzz and speculation about the company’s future prospects.

Penn Entertainment Inc. navigates a year of strategic shifts and financial challenges, including boardroom changes, a major casino relocation, and financial pressures, as the company seeks to adapt and thrive in a competitive industry.

Penn Entertainment Inc. plans to relocate its Ameristar Casino Hotel Council Bluffs operations to a land-based facility, rebranding it as Hollywood Casino Council Bluffs, in a $180-200 million project.