Penn Entertainment, Sweetgreen, Expedia: Top analyst calls

00:00 Brooke DiPalma

Welcome back to Yahoo Finance. I’m Brooke De Pama. We’re live at the Nasdaq here in Times Square. Let’s turn now to some of today’s top analyst calls on Wall Street. We’re taking a closer look at Penn Entertainment, Sweet Green, and Expedia.

00:12 Brooke DiPalma

First up, we’re taking a look at shares of Penn Entertainment. That stock got an analyst that said that see, he sees Penn Entertainment and ESPN’s decision to terminate their US sports betting contract as a buying opportunity.

00:23 Brooke DiPalma

That stock moving ever so slightly higher after Sefull upgraded the stock to buy from hold.

00:30 Brooke DiPalma

Penn now plans to focus on its iCasino led business. The analyst thinks that growth in that segment could be accelerated by reallocated financial and operational resources. That stock now has 10 buy ratings, 11 holds and zero sells on the street.

00:43 Brooke DiPalma

Next up, we’re taking a closer look at shares of Sweet Green. The company missed Wall Street’s expectations in its latest quarterly results. It also cut its full-year outlook, and that led to price target cuts on the stock across multiple firms.

00:58 Brooke DiPalma

Barclays cut its price target $5, RBC to $7, Oppenheimer to $10, and Piper Sandler to $9 per share.

01:06 Brooke DiPalma

Goldman Sachs also cut its rating on the stock to sell from neutral. There are now five buy ratings, eight holds and two sells on the street, and that stock down nearly 9% this morning.

01:17 Brooke DiPalma

Lastly, we’re watching shares of Expedia. Those shares on the up this morning up more than 16%. That stock moving higher after it posted strong results and pointed to a better than expected outlook for the holiday quarter.

01:28 Brooke DiPalma

That led to three firms raising their price target on the stock. Benchmark raised it to $310, Deutsche Bank to $235, and RBC to 260. Now the average 12-month price target on the street is right about where it is now at 252.

01:42 Brooke DiPalma

Keep it right here on Yahoo Finance. We’ll be tracking all the latest market moves and top calls throughout the trading session.