2024.07.18
four winds casinos locationsPenn National’s Ameristar Casino in Colorado. (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. Penn is the largest regional casino operator in the US, with roughly 40 casinos across 20 states.Penn Stock Got Ahead Itself, Now Ready to Rebound Coming into this year, Penn stock was already on a torrid pace following its bounce from its March 2020 nadir. angel of the winds casino twitterThe two casino sites are less than five miles apart by the way the crow flies. 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. Following a tumble that likely shook some weak hands from the name, Penn could be offering investors an attractive place to get involved, according to Wieczynski.“While we would argue shares were proulette casino vegasrobably ahead of themselves back in March/April as the sports betting/iGaming euphoria was at its peak, at this point, when we analyze the value of the different business segments of PENN, we feel much more comfortable than the market isn’t now baking in some ridiculous value for their sports betting/iGaming businesses,” said the analyst.Unlike pure-play internet casino and sportsbook operators, Penn has an avenue for augmenting potential weakness in those businesses via its thriving land-based casino operations.Penn Undervalued?It wasn’t that long ago that Penn and many of its peers were viewed as richly valued. thunder valley casino fatburger lobstermania 2 slots free onlinechoctaw casino covidRay J is seen with his wife, Princess Love. Ray J is seen with his wife, Princess Love. At least one analyst believes that sell-off is unjustified. soaring eagle casino restaurantsOnce beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. zed a casino, will be competing for the same market. Penn National’s Ameristar Casino in Colorado. choctaw casino login four winds casino valet parkingblackjack online nzRay J is seen with his wife, Princess Love. (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. Penn National’s Ameristar Casino in Colorado. That strength continued as the gaming name doubled from early January into mid-March, a run culminating in its inclusion in the S&P 500.From there, the stock joined another online casino/sportsbook operator in swooning, as investors fretted about market access and valuations, indicating some of the names ran too far, too fast. Penn National’s Ameristar Casino in Colorado. At least one analyst believes that sell-off is unjustified. w casino harrah s casino french quarter |