Penn Entertainment Stock Surges After Upgrade From JPMorgan, Anticipating Growth

Key TakeawaysPenn Entertainment shares surged Friday after JPMorgan upgraded the casino operator's stock, anticipating growth as its investments begin to pay off. The analysts boosted their rating for Penn to "overweight" from "neutral," and lifted their price target to $27 from$19.Despite Friday's gains, Penn shares have lost nearly one-fifth of their value since the start of the year. Penn Entertainment (PENN) shares surged Friday after JPMorgan upgraded the casino operator's stock, anticipating growth ...