aliante casino golf courseRecently, the stock became beloved by Wall Street, with analysts fawning for the company’s sports betting and internet casino prospects.Ten of his 13 peers rate Penn the equivalent of “buy” or “strong buy.The company will have a more challenging time, relative to peers, improving margins, given its prior margin disciplines and higher than peer blended gaming taxes, which have forced Penn, over time, to be leaner than most,” said the Deutsche Bank analyst.morongo casino military discount(Image: Twitter)In a note to clients today, Deutsche Bank analyst Carlo Santarelli pared his rating on shares of the Ameristar operator to “sell” from “hold,” while lifting his price target on the name to from .(Image: Twitter)In a note to clients today, Deutsche Bank analyst Carlo Santarelli pared his rating on shares of the Ameristar operator to “sell” from “hold,” while lifting his price target on the name to from .Even with a loss of almost four percent at this writing Monday, shares of Penn more than doubled over the past month and are up more than nine-fold from the March lows.lucky creek casino withdrawal

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mgm casino entranceRecently, the stock became beloved by Wall Street, with analysts fawning for the company’s sports betting and internet casino prospects.Underscoring the point that with his “sell” grade and price estimate, Santarelli is a lone wolf on Penn.Rivers Casino Pittsburgh will be the first to reopen, the venue welcoming back guests beginning tomorrow morning, June 9, at 9 a.island resort casino open today”Not All Bad NewsSantarelrunning aces casino numberli also acknowledges that there is some risk in assigning a bearish mark to Penn at a time when the broader market is strong and investors are embracing “story” stocks.Keystone State gamblers have been limited to online casinos since.The company will have a more challenging time, relative to peers, improving margins, given its prior margin disciplines and higher than peer blended gaming taxes, which have forced Penn, over time, to be leaner than most,” said the Deutsche Bank analyst.choctaw casino age limit

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hollywood casino toledo promotionsPenn, while previously viewed as a brick-and-mortar casino operator, is now being seen through the lenses of sports wagering and online casinos, verticals that could each be worth billion over the next several years.Restrictions in PlacePennsylvania has more than 80,000 COVID-19 cases and some 6,000 deaths.“Further, we recognize with this call we are likely arguing against a bull case of sports betting and iCasino being a huge windfall for Penn National, which will have no near-term resolution,” said the analyst.Admittedly a Contrarian CallWhile noting Penn stock is “stretched” on valuation and that near-term risk/reward prospects for the name are “skewed unfavorably,” Santarelli acknowledges the “sell” rating runs counter to current consensus on the gaming name.For example, the growth of sports betting is a big part of the Penn investmentrunning aces casino number thesis.Ten of his 13 peers rate Penn the equivalent of “buy” or “strong buy.golden nugget casino ds