Pinnacle Entertainment PT Raised to $23.00 (PNK)
Analysts at Telsey Advisory Group raised their price target on shares of Pinnacle Entertainment (NYSE:PNK) from $18.00 to $23.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 1.41% from the company’s current price.
Pinnacle Entertainment (NYSE:PNK) opened at 22.68 on Wednesday. Pinnacle Entertainment has a 52 week low of $11.39 and a 52 week high of $25.86. The stock has a 50-day moving average of $24.46 and a 200-day moving average of $21.61. The company’s market cap is $1.330 billion.
A number of other firms have also recently commented on PNK. Analysts at JPMorgan Chase & Co. cut their price target on shares of Pinnacle Entertainment from $31.00 to $29.00 in a research note to investors on Tuesday, October 29th. They now have an “overweight” rating on the stock. Separately, analysts at McLean Capital Management downgraded shares of Pinnacle Entertainment from a “neutral” rating to a “sell” rating in a research note to investors on Friday, October 25th. Finally, analysts at Zacks downgraded shares of Pinnacle Entertainment from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $28.20 price target 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. The company has a consensus rating of “Hold” and an average price target of $24.09.
Pinnacle Entertainment, Inc (NYSE:PNK) is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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