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A statement released earlier today by Telsey Advisory Group about Pinnacle Entertainment (NYSE:PNK) raises the target price to $28.00

Pinnacle Entertainment (NYSE:PNK) had its target price raised to $28.00 by Telsey Advisory Group in a report released 10/12/2017. The new target price indicates steady performance relative to the company's last stock close price.

Previously on 05/11/2017, Telsey Advisory Group reported about Pinnacle Entertainment (NYSE:PNK) raised the target price from $22.00 to $27.00. At the time, this indicated a possible upside of 0%.

Yesterday Pinnacle Entertainment (NYSE:PNK) traded 1.17% higher at $0.00. The company’s 50-day moving average is $21.25 and its 200-day moving average is $21.25. The last stock close price is down 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

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Pinnacle Entertainment (NYSE:PNK)

Pinnacle Entertainment 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 Group reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $28.00 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Pinnacle Entertainment (NYSE:PNK)

Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The Company operates through three segments: Midwest, South and West. The properties in the Company's Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The properties in the Company's South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, L'Auberge Baton Rouge and L'Auberge Lake Charles. The properties in the Company's West segment include Ameristar Black Hawk, and Cactus Petes and Horseshu. The Company owns and operates approximately 20 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada and Ohio. It also holds interest in the racing license owner. The Company owns and operates the Heartland Poker Tour, which is a live and televised poker tournament series.

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