Penn Entertainment Stock Surges After Upgrade From Jpmorgan, Anticipating Growth

Penn Entertainment (PENN) shares surged Friday aft JPMorgan upgraded nan casino operator's stock, anticipating maturation arsenic its investments statesman to salary off.

The patient boosted its standing for Penn to "overweight" from "neutral," and lifted its value target to $27 from $19, implying astir 30% upside from Friday's intraday value of $20.81.

The analysts told clients they spot Penn's investments successful unit projects "beginning to carnivore consequence and yet generating charismatic double-digit cash-on-cash returns" opening successful nan 2nd half of 2025 and into 2026.

They projected improving free rate flow because of land-based superior expenditures “dropping dramatically” successful 2026, and Penn’s expertise to deploy that free rate travel to “de-lever and trim its not truthful burdensome rate liking expense.” They besides cited nan company's declining interactive gambling losses.

Shares of Penn roseate 4% successful early trading Friday, though contempt Friday's gains, they've mislaid astir one-fifth of their worth since nan commencement of nan year.