Pinnacle Entertainment (PNK) Receives Analyst Rating

Pinnacle Entertainment (PNK) has an average broker rating of 2, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Pinnacle Entertainment (PNK) : Average target price received by Pinnacle Entertainment (PNK) is $15.33 with an expected standard deviation of $3.51. The most aggressive target on the stock is $19, whereas the most downbeat target is $12. 3 financial analysts are currently covering the stock.


Also, Bank of America initiates coverage on Pinnacle Entertainment (NYSE:PNK). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on August 22, 2016.

Pinnacle Entertainment (NYSE:PNK): After opening at $11.16, the stock dipped to an intraday low of $11.105 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.44 and the buying power remained strong till the end. The stock closed at $11.39 for the day, a gain of 2.06% for the day session. The total traded volume was 463,157. The stocks close on the previous trading day was $11.16.

Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.

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