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“While admittedly these first steps will be small and slow, we hope to be with you every step along the way,” Crisafulli stated. chumba casino home On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. David Portnoy’s Barstool Sports is going to be a positive driver for Penn National stock, says one analyst. casino table game texas holdem free casino slot games for ipad (Image: Variety)In a note to clients released earlier today, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on Penn National, while boosting his price target on the Ameristar operator to . borgata casino music box How To Win Quick Hit Slot Machine Bmil That’s around the stock’s 52-week high, a level that hasn’t been touched since late February. Roulette Casino A Vendre D Occasion Htij Our target price for PENN assumes a target multiple of 9. 6x our 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) estimate, a slight premium to the stock’s historical average forward multiple given growth optionality from i-casino/sports betting through Barstool,” said Curtis. That’s at least the third price forecast hike by an analyst covering Penn over the past 10 days.

On May 20, intertops casino no deposit codes 2020JPMorgan lifted its target on the Hollywood operator to from . Earlier this week, Morgan Stanley increased its projection on Penn to from . promo code for borgata online casino Impressive ResurgenceThis month, Penn stock nearly doubled, and its more than eight-fold surge off its March lows is one of the most impressive rebounds among all domestic gaming equities. Much of Wall Street’s and investors’ enthusiasm for the name is attributable to the integration of Barstool Sports, in which the operator acquired a 36 percent stake in January, and the company’s positioning in the booming iGaming market. Penn executives previously said iGaming is going to be a “material” driver of earnings and revenue in 2021 and beyond. Analysts and investors like the asset-light, high margin model that accompanies online casinos, and are valuing companies with exposure to this niche on par with technology firms, not traditional gaming entities. morongo casino commercial Curtis, the Instinet analyst, added that his revised estimates on morongo casino age limit