big fish casino redditSantarelli didn’t hold back in a scathing commentary on Penn stock.In fact, his outlook runs in the opposite direction of Santarelli’s.One that remains undaunted despite the coronavirus pandemic.chumba casino offersThe total consideration for the transaction represents an implied proforma purchase multiple of approximately 7.The Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG).The analyst adds investors are likely to be left disappointed upon discovering the amount of sports betting market share that’s readily obtainable for operators.1832 choctaw casino

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cliff castle casino numberThe Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG).Enthusiasm for those segments is a primary reason why investors bid the name higher by almost 1,900 percent from its March lows.“Couple this with a big picture ‘TAM’ story that ‘can’t be disproved’, sprinkle in some slides about Twitter followers and Instagram impressions, and you create a narrative that largely abandons fundamental rationale,” said Santarelli.gold coast casino human resources(Image: Associated Press)However, that’s happening today, as Deutsche Bank’s Carlo Santarelli reiterates a “sell” rating on the gaming company, though he did raise his price target on the stock to from .As investors realize online casinos and sports betting will have difficulty living up to lofty expectations, Penn stock could be vulnerable to “a considerable contraction,” said the analyst.seen here when it closed because of COVID-19.harrah s casino website

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harrah s cherokee casino in room diningThat’s a far cry from the bullishness extolled by Union Gaming’s John DeCree, who placed a 0 estimate on the name.Penn owns 36 percent of Barstool, a relationship that’s mostly lauded on Wall Street.When the operator of Rhode Island’s two casinos went public in March 2019, its roster of properties consisted of the pair in its home state, a Colorado dog track, Dover Downs in Delaware, and Hard Rock in Biloxi, Miss.Traders have a lot to ponder with Penn National, as one analyst rips the name while another says it’s going to 0.The Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG).In June, the analyst issued a “sell” rating on Penn, drawing a stinging online rebuke from Barstool Sports founder David Portnoy.blackjack crown casino