Susquehanna May Have Just Upped Their Stakes in Pinnacle (NYSE:PNK)


Pinnacle (NYSE:PNK) Stock Upgrade

Susquehanna gave Pinnacle (NYSE:PNK) shares a new Positive rating in an analyst research report shared with investors on Friday morning. The raise from the last Neutral rating is certainly an interesting one.

From a total of 10 analysts covering Pinnacle Finl (NYSE:PNK) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 9% of the ratings are positive. The highest target price is $45 while the lowest target price is $25. The mean of all analyst targets is $36.6 with a 12.99% above today’s ($33.63) stock price. Pinnacle Finl was the topic of 4 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on October 30 with “Market Perform” rating.

Approximately 64,009 shares of stock traded hands. Pinnacle Entertainment, Inc (NYSE:PNK) has declined 11.26% since May 1, 2015 and is downtrending. It has underperformed by 8.47% the S&P500.

Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The company has a market cap of $2.00 billion. The key properties in the Company’s Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. It has 29.33 P/E ratio. Charles, Belterra, River City and Belterra Park.

According to Zacks Investment Research, “Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. The Company also receives lease income from two card club casinos, both in the Los Angeles metropolitan area.” Get a free copy of the Zacks research report on Pinnacle Entertainment, Inc (PNK).