Tag penn entertainment

Penn Entertainment (NASDAQ: PENN) is grappling with a weakening credit profile, pressured by increasing rent-adjusted leverage—a trend expected to persist throughout 2025. Meanwhile, the company’s ESPN Bet division continues to be a drag on corporate debt valuations. That’s the assessment…

Shares of Penn Entertainment (NASDAQ: PENN) fell today following a rating downgrade by Bank of America. In a recent note, analyst Shaun Kelley revised Penn’s rating to “neutral” and set a price target of $22, implying limited upside potential from…