2024.07.19
encore casino newsAn analyst says Penn National can go to 5. Penn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers. In lifting his projection on the name, the analyst cites the familiar factors of state-level proliferation of online casinos and sports betting.Market share in new state launches, as the Barstool sportsbook app will be at the same starting line as competitors. seminole casino ownerIt’s also well above the consensus projection around , indicating some other analysts covering the name may golden nugget casino hotelbe compelled to lift their targets.By the end of that month, McTernan lifted his price target on the shares to .Momentum Building for Penn StockThe operator of casinos under the Argosy and Hollywood brands, among others, epitomizes a 2020 rags-to-riches story in the gaming space.At the height of the coronavirus crisis, Penn stock slumped below , with some in the investment community pondering the company’s ability to survive. The Barstool Sportsbook at Greektown Casino in Detroit. four winds casino resort hotel caesar casino online pafree casino win real moneyThe travel and leisure industry is ready to put 2020 behind it, and Moody’s Investors Service sees gaming as one of the segments most likely to firm up next year. Wall Street prefers regional operators to those with heavy Las Vegas footprints, because the former aren’t levered to business travel and convention trends on par with Sin City.McTernan’s price estimate on Penn stock, which is the highest on Wall Street, implies upside of 20.1 percent from the Dec. The Las Vegas Strip. where s the nearest casino near meSince then, the golden nugget casino hotelshares are up a staggering 2,478.40 percent, as Wall Street becomes enamored by the relationship with Barstool Sports and the prospects for iGaming.That momentum is showing essentially no signs of waning. (Image: NBC News)Citing reopenings that commenced in the second quarter, the research firm says sequential earnings before interest, taxes, depreciation and amortization (EBITDA) growth In early September, he didn’t even cover the company. online casino slots real money usa luckyland slots similarresorts casino queens nyIt’s also well above the consensus projection around , indicating some other analysts covering the name may golden nugget casino hotelbe compelled to lift their targets.(Image: Twitter)In a note to clients today, McTernan lifts his price target on the casino operator to 5 from , good for the highest estimate on Wall Street. Rather, it’s growing, as highlighted by Penn stock tacking on 15.20 percent over the past week and 37 percent over the past month.Last week, Bank of America analyst Shaun Kelley said Penn has upside potential to 1. The Las Vegas Strip. Wall Street prefers regional operators to those with heavy Las Vegas footprints, because the former aren’t levered to business travel and convention trends on par with Sin City.McTernan’s price estimate on Penn stock, which is the highest on Wall Street, implies upside of 20.1 percent from the Dec. His bullish view on the stock extends a multi-month run in which Penn has become the toast of the analyst community among gaming equities. luckyland slots hacks wynn casino las vegas careers |