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A statement released earlier today by Telsey Advisory about Pinnacle (NASDAQ:PNK) ups the target price to $28.00

Yesterday Pinnacle (NASDAQ:PNK) traded 1.17% higher at $24.19. The company’s 50-day moving average is $21.25 and its 200-day moving average is $21.25. The last closing price is up 13.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 648,822 shares of the stock were exchanged, down from an average trading volume of 751,544

In a report released on 10/12/2017 Telsey Advisory increased the stock price target of Pinnacle (NASDAQ:PNK) from $27.00 to $28.00 reporting a potential upside of 0.16%.

See Chart Below

Pinnacle (NASDAQ:PNK)

Pinnacle has a 52 week low of $11.36 and a 52 week high of $24.94 with a P/E ratio of 85.78 The company’s market cap is currently $0.

In addition to Telsey Advisory reporting its target price, a total of 2 brokers have issued a report on the stock. The consensus target price is $28.00 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Pinnacle (NASDAQ:PNK)

Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company's Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, Belterra Park, Meadows and River City. The Company's South segment includes Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, L'Auberge Baton Rouge and L'Auberge Lake Charles. The Company's West segment includes Ameristar Black Hawk and Cactus Petes and Horseshu. As of September 30, 2016, the Company owned and operated 16 gaming entertainment businesses, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio and Pennsylvania. The Company's gaming entertainment businesses include gaming, food and beverage, and retail facilities, which include hotel and resort amenities.

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