International edition
September 29, 2020

They lifted the firm to "Outperform" from "Market Perform"

Analysts lift Pinnacle Entertainment's rating

(US).- An attractive stock price and strong financial position led an analyst to boost Pinnacle Entertainment Inc.'s rating this week. Jeffrey Logsdon of BMO Capital Markets said the casino operator also stands to gain from improving revenue in its regional gaming markets and a strong market share due to few direct competitors.

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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.

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