Pinnacle Entertainment downgraded to Market Perform at Raymond James Raymond James downgraded Pinnacle two notches to Market Perform from Strong Buy due to weak regional gaming trends and increased competition.
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Pinnacle Entertainment sees unusual expense items of $8M-$10M in Q2 Pinnacle Entertainment expects Q2 consolidated adjusted EBITDA and income from continuing operations to include unusual expense items that aggregate to a range of $8M-$10M. The unusual expense items relate to the rollout out of the company's mychoice player loyalty program at its Ameristar branded properties, Colorado lobbying expenses, and severance expense.