$PENN

PENN Entertainment (PENN) shares rose 5.3% premarket after Deutsche Bank upgraded it to Buy, citing strong fundamentals in regional gaming and Las Vegas markets. The analyst raised the price target to $25. The stock later cooled to $15.74, up 4.2%. PENN's theScore Bet signed a multiyear NFL partnership in Canada. The stock is volatile, down 28.7% from its 52-week high.

B. Riley upgraded Skyworks (SWKS) to Buy with a $107 price target, citing faster Qorvo deal closure. Evercore ISI upgraded Procter & Gamble (PG) to Outperform with a $166 target. Deutsche Bank upgraded Penn Entertainment (PENN) to Buy with a $25 target. StoneX upgraded Texas Roadhouse (TXRH) to Buy with a $200 target. Citi upgraded JetBlue (JBLU) to Neutral with a $4.50 target. Berenberg downgraded Nike (NKE) to Sell with a $27.50 target, citing its smaller sportswear position.

Analysts updated price targets for several companies. Goldman Sachs raised GM's target to $112, maintaining a Buy rating. Other notable changes include PTC, RYAN, NET, PENN, TEL, NEO, GS, ACN, and MYRG. Prices and ratings varied across the stocks.

Analysts made several calls on Tuesday, including Goldman Sachs lowering Netflix's price target but maintaining a buy rating, Wells Fargo upgrading Cleveland-Cliffs, and Mizuho raising AMD's price target to $705. Other notable moves include upgrades for Skyworks Solutions, Dollar General, and Prosperity Bancshares, while new coverage was initiated on companies like AvePoint, Pasqal Holdings, and Standard Nuclear.

Deutsche Bank upgraded Boyd Gaming (BYD) to Buy with a $99 target, NeoGenomics (NEO) to Buy with a $28 target, and PENN Entertainment (PENN) to Buy with a $25 target. BTIG upgraded NeoGenomics (NEO) to Buy and XP Inc (XP) to Outperform with a $27 target. Cantor Fitzgerald upgraded Rezolute (RZLT) to Overweight. All stocks closed lower than their new targets on Monday.

Deutsche Bank upgraded Penn Entertainment (PENN) and Boyd Gaming (BYD) to 'buy' due to improving gaming demand outlook, citing August's weak revenue as a calendar effect. It raised price targets to $25 (66% upside) for Penn and $99 (47% upside) for Boyd. Both stocks have fallen significantly over the past three months. Deutsche expects sector fundamentals to improve, with Penn's EBITDAR estimates above consensus and Boyd's share repurchases supporting its outlook.

PENN Entertainment and NASCAR's joint venture, Kansas Entertainment, will break ground on a Tribute Portfolio hotel near Hollywood Casino at Kansas Speedway in 2026. The 140-room hotel, set to open in 2028, will be developed by Prime Group US and operated by Shaner Hotels, with PENN contributing land. The project is part of a larger entertainment and retail hub in Kansas City, Kansas.

PENN Entertainment (PENN) announced a $195M project to relocate and rebuild a casino in New Orleans. The company reported Q2 net income of $32.6M, up from a loss last year, and improved EBITDA to $312.6M. PENN has been restructuring debt and focusing on high-return landside venues, with mixed views on its valuation and execution risks.

Goldman Sachs reported a slowdown in regional casino revenues in August, with declines in Iowa, Indiana, and Kansas. Caesars Entertainment (CZR) saw an 8% revenue drop, Penn Entertainment (PENN) reported a 1% increase, and Boyd Gaming (BYD) experienced a 3% decline. The bank attributed the weakness to calendar shifts, including Labor Day.

Penn Entertainment (PENN) is investing $180M-$200M to build a new casino in Iowa, replacing its Ameristar Council Bluffs riverboat casino. The project will take 18-24 months, create 450 jobs, and add 1,000 slot machines, 25 table games, and a Shake Shack. CEO Jay Snowden highlights the company's focus on organic growth and market strengthening.