They lifted the firm to "Outperform" from "Market Perform"
Analysts lift Pinnacle Entertainment's rating
2009-09-25
Reading time 20 seg
A recent debt offering and amended credit facility have helped strengthen the Las Vegas-based company's financial position, while projects in Missouri and Louisiana may also push the stock higher, Logsdon added in a note to clients.
The analyst lifted Pinnacle to "Outperform" from "Market Perform" and increased its price target to us$ 14 from us$ 12.
The company's stock rose 51 cents, or 5 %, to us$ 10.65 in morning trading. The shares have traded in a 52-week range of us$ 2.58 to us$ 13.99.
Leave your comment
RELATED NEWS
Cohen’s Queens plan has “a very good shot”
New York: Citi Field casino bid gains momentum as senator warns against Manhattan projects
Venue to include HHR, live music, hotel
Kansas: Former Wichita Greyhound Park to reopen as Gilley’s with gaming and hospitality plans
Ahead of schedule
Illinois: Waukegan's American Place opens new poker room
COMPANIES
Connects 128 Clover Link slots with shared prizes
DRGT and APEX power Mexico's first national symbol-driven WAP jackpot, launching across PlayCity Casino's 17 venues
August 21–22, Recife Expo Center
BMM Innovation Group to spotlight its compliance, cytbersecurity and training expertise at CGS Recife
Projects sustained annual revenue growth
DraftKings could buy back $18 billion in stock over decade, Morningstar analyst says
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
Show to explore challenges and opportunities
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
AI, sports, and iGaming startups compete
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Live edition of The Safe Bet Show
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
Uzbekistan, 25 – 26 September
SPiCE Central Asia to explore shifts and trends in the region's gaming ecosystem in just six weeks
EVENTS CALENDAR
Highlighted
SiGMA Euro-Med
Highlighted
Indian Gaming Tradeshow & Convention Mid-Year Conference
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
EEGS 2025 Eastern European Gaming Summit
Highlighted
G2E Asia Philippines 2025
DEC 10th 25 / DEC 11th 25
Live Event Marriott Grand Ballroom, Manilla Marriott Hotel, Philippines
Highlighted
