PENN Rides the Gaming Wave Ahead of Barstool Sportsbook Launch, Analyst Raises PT to $62
Penn National Gaming’s better-than-expected reopening at brick and mortar locations in the recent quarter, combined with investor exuberance for the upside from online betting, is sending shares of the casino stock soaring.
Market is Overlooking Power of Barstool Brand for Penn National: Analyst
Union Gaming raised its price target for Penn National to $40 from $28 in part because it believes the market is underestimating the influence of the Barstool brand and its key personalities, namely founder Dave Portnoy and CEO Erika Nardini.