Price Target Update on Pinnacle Entertainment (NYSE:PNK)

Pinnacle Entertainment (NYSE:PNK) : The most positive equity analysts on Pinnacle Entertainment (NYSE:PNK) expects the shares to touch $41, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $24 with an expected fluctuation of $15.13 from the mean.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Telsey Advisory Group upgrades its rating on Pinnacle Entertainment (NYSE:PNK).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 11, 2016.

Pinnacle Entertainment (NYSE:PNK): On Thursdays trading session , Opening price of the stock was $11.42 with an intraday high of $11.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.21. However, the stock managed to close at $11.31, a loss of 0.26% for the day. On the previous day, the stock had closed at $11.34. The total traded volume of the day was 1,842,736 shares.

On the companys insider trading activities, Sanfilippo Anthony Michael, CEO of Pinnacle Entertainment, Inc. had purchased 153,500 shares on June 13, 2016 in a transaction. The price per share was $11.11 and the total amount of the disclosed transaction was $1,705,385.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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