Bullbit
Stock Market
Jim Cramer Explains Why He Does Not Think “PENN Entertainment Is Going Anywhere”
- What: Jim Cramer expressed skepticism about PENN Entertainment's growth prospects.
- Why: He cited concerns about the company's high debt levels and declining margins.
- Signal: Cramer pointed to the stock's recent decline as a negative signal.
- Target: He suggested that investors should target a price of around $**20** for PENN Entertainment.
- Risk: Cramer warned that investors who hold onto PENN Entertainment may face significant losses.