2024.07.18
sunset station casino nevada(Image: Helen Richardson/Denver Post)Following investor meetings with Penn CEO Jay Snowden, Stifel analyst Steven Wieczynski issued a new report on the gaming company, reiterating a “buy” rating and a 8 price target. That implies upside of about 35 percent from the May 25 close.After last year’s coronavirus market tumble, Penn notched one of the sharpest rallies among all gaming equities, as investors bid the name higher due to iGaming and sportshard rock lake tahoe arcade betting operations. What we think gets overlooked is their geographical diversification, which has been a huge advantage relative to peers over the last 15 months,” said Wieczynski.No state where Penn operates accounts for more than 15% of its revenue. kansas star casino tripadvisorRay J says he put a 0 bill into a penny slot machine, and after a few spins he won a jackpot worth a little more than ,000. Rush adds that it will determine the size of its Portsmouth hotel and the style of the resort based on its initial clientele.The analyst’s 8 price target on Penn stock assumes for traditional businesses and for iGaming/sports wagering.resorts casino monticello open hard rock casino new yorkbellagio casino slot winnersOnce beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. However, strength in the company’s expansive portfolio of regional casinos should not be overlooked, particularly against the backdrop of pent-up demand and increasing COVID-19 vaccination levels.Coming out of these meetings, we feel incrementally positive about regional gaming trends across the majority of the country, as we believe trends have remained strong thru May, with customer length of stay and spend per visit continuing to be elevated,” said Wieczynski.The analyst is increasing his 2021 through 2023 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates on Penn, though he notes more of the “lift” will come in the further out years. Penn National’s Ameristar Casino in Colorado. silver oak casino codes no depositRay J is seen with his wife, Princess Love. But following the aforementioned weakness, a case can be made the regional casino name is now looking attractive on valuation.“We believe PENN’s core business remains undervalued relative to peers. Ray J, best known for being the co-star in the 2007 Kim Kardashian sex tape that essentially launched her career, has scored at the casino. ruby slots quickie boost desert diamond casino promo codepechanga casino onlineThe analyst’s 8 price target on Penn stock assumes for traditional businesses and for iGaming/sports wagering.Once beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. (Image: Helen Richardson/Denver Post)Following investor meetings with Penn CEO Jay Snowden, Stifel analyst Steven Wieczynski issued a new report on the gaming company, reiterating a “buy” rating and a 8 price target. The analyst’s 8 price target on Penn stock assumes for traditional businesses and for iGaming/sports wagering.Once beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. Rush is more interested in getting its casino open before Norfolk’s in order to grab market share and sign players up for its rewards program. bcslots youtube today where is jackson rancheria located |