McLean Capital Management Downgrades Pinnacle Entertainment to Sell (PNK)
Pinnacle Entertainment (NYSE:PNK) was downgraded by equities researchers at McLean Capital Management from a “neutral” rating to a “sell” rating in a research report issued on Friday, Analyst Ratings Network reports.
A number of other firms have also recently commented on PNK. Analysts at Zacks downgraded shares of Pinnacle Entertainment from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $28.20 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Pinnacle Entertainment from $22.00 to $29.00 in a research note to investors on Monday, September 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Pinnacle Entertainment from $24.00 to $30.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.59.
Shares of Pinnacle Entertainment (NYSE:PNK) traded down 0.74% on Friday, hitting $24.18. The stock had a trading volume of 454,962 shares. Pinnacle Entertainment has a 1-year low of $10.97 and a 1-year high of $23.88. The stock’s 50-day moving average is $22.84 and its 200-day moving average is $19.28. The company’s market cap is $1.418 billion.
Pinnacle Entertainment, Inc (NYSE:PNK) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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