Penn Entertainment, Sweetgreen, Expedia: Top analyst calls

00:00 Brooke DiPalma

Welcome back to Yahoo Finance. I’m Brooke De Pama. We’re live from Nasdaq in Times Square. Now let’s turn to some of today’s best analyst calls on Wall Street. We take a closer look at Penn Entertainment, Sweet Green and Expedia.

00:12 Brooke DiPalma

First, we take a look at Penn Entertainment’s shares. There’s one analyst on this stock who says he views Penn Entertainment and ESPN’s decision to terminate its U.S. sports betting agreement as a buying opportunity.

00:23 Brooke DiPalma

This stock rose slightly after Sefull upgraded the stock to buy from hold.

00:30 Brooke DiPalma

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

00:43 Brooke DiPalma

Next we’ll take a closer look at shares of Sweet Green. The company missed Wall Street expectations in its latest quarterly results. It also lowered its full-year outlook, leading to stock price target cuts across multiple firms.

00:58 Brooke DiPalma

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

01:06 Brooke DiPalma

Goldman Sachs also downgraded the stock to sell from neutral. There are currently five buy ratings, eight holds and two sells on the market, and this stock is down nearly 9% this morning.

01:17 Brooke DiPalma

Finally, we watch Expedia’s shares. Shares rising this morning are up more than 16%. This stock is on the rise after it posted strong results and pointed to a better-than-expected outlook for the holiday quarter.

01:28 Brooke DiPalma

This led the three firms to increase their stock price targets. Benchmark has it at $310, Deutsche Bank at $235 and RBC at 260. The average 12-month price target currently stands at 252.

01:42 Brooke DiPalma

Keep it here on Yahoo Finance. We will follow the latest market movements and top calls throughout the trading session.