Pinnacle Entertainment price target raised to $22 from $16 at Brean Capital

Brean Capital raised its price target on Pinnacle Entertainment (PNK) following its announcement to acquire Ameristar Casino (ASCA). The firm believes the deal is immediately accretive and will add to cash flow. Brean Capital also expects revenue growth to be driven by targeted marketing and its strong pipeline and financial footing. Shares are Buy rated.

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