\u201cPENN shares are not cheap, but we continue to see momentum around the Barstool (both for sports betting and the growing value of its media brand),\u201d said Jonas.<\/p>\n
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The Truist analyst offered up some other commentary for shareholders in this gaming equity. He notes that while numbers for the fourth quarter will likely be soft because of the coronavirus pandemic, management commentary on vaccine distribution could signal strong demand over the coming quarters.<\/p>\n<\/div>\n
\u201cA tidal wave of pent-up demand for in-person social engagement and experiences\u201d could benefit Penn’s regional casino operations later this year, according to Jonas.<\/strong><\/p>\nThat’s relevant to investors, because so much of the enthusiasm ascribed to Penn stock is attributable to online casinos and sports wagering, with land-based operations almost going overlooked.<\/p>\n
In the Middle<\/h2>\n
Obviously, Jonas and Loop Capital’s Adam are at opposite ends of the spectrum regarding their views on Penn stock.<\/p>\n
In the middle is KeyBanc analyst Brett Andress. Initiating coverage of a slew of gaming equities today, Andress tagged Penn with a \u201csector weight\u201d rating, implying the name will perform in line with its peers.<\/p>\n
He’s bullish on the company’s iGaming and sports betting setup via Barstool Sports<\/i>\u00a0but says market participants are assigning \u201csomewhat lofty assumptions\u201d to those businesses.<\/strong><\/p>\nFor all the analyst chatter on it today, Penn stock is just slightly lower in late trading.<\/p>\n","protected":false},"excerpt":{"rendered":"
Broadly speaking, Wall Street analysts are bullish on Penn National Gaming (NASDAQ:PENN). But that view isn’t universal, with plenty of sell-side debate on the name emerging today. At least three analysts chimed in on the regional gaming stock on Thursday. Views ranged from clearly enthusiastic to overtly bearish to something in-between. Getting the bad news […]<\/p>\n","protected":false},"author":46,"featured_media":161341,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Penn Stock Draws Variety of Differing Opinions in New Analyst Action<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n