Penn Entertainment stock downgraded to Hold at Needham on ESPN exit

Investing.com•Friday, November 7, 2025 at 12:28:51 PM

Penn Entertainment stock downgraded to Hold at Needham on ESPN exit

Penn Entertainment's stock has been downgraded to 'Hold' by Needham following the company's exit from its partnership with ESPN. This decision reflects concerns about the potential impact on Penn's revenue and market position, as ESPN has been a significant player in the sports betting landscape. Investors are closely watching how this change will affect Penn's future performance and whether the company can adapt to the evolving market dynamics.

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