fanduel casino valley forge“In our view, the biggest risk to our call is the near term and a rising equity market, which is embracing story/concept stocks,” he said.Penn National Gaming’s (NASDAQ:PENN) scintillating redemption story hit a stumbling block Monday, as an analyst tagged the gaming stock with a “sell” rating and a price forecast that implies significant downside from current levels.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.cache creek casino directions“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.Santarelli’s call on Penn earned a stinging rebuke from Barstool Sports founder David Portnoy, who posted an expletive-laced tirade on Twitter disagreeing with the analyst.m.morongo casino sign up

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black oak casino to yosemiteAn upward price estimate revision is usually a bullish sign.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.”Not All Bad NewsSantarelfour winds casino in hartfordli 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.luckyland slots facebookach casino’s net win, plus annual operating payments.“In our view, the biggest risk to our call is the near term and a rising equity market, which is embracing story/concept stocks,” he said.Barstool Sports founder David Portnoy is none-too-pleased with analyst Carlo Santarelli’s call on Penn National, which owns part of Barstool.is riverwind casino pet friendly

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free online crazy 4 card pokerPenn operates 41 casinos in 19 states, including some where gaming taxes are considered high, including Illinois and Pennsylvania.gov)All 12 land-based casinos in Pennsylvania have been shuttered since March 16, as Wolf ordered all nonessential businesses to close.”Not All Bad NewsSantarelfour winds casino in hartfordli 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.gov)All 12 land-based casinos in Pennsylvania have been shuttered since March 16, as Wolf ordered all nonessential businesses to close.All three casinos are located in the southwestern part of the state.Penn owns 36 percent of the sports media property.free casino slot games without signing in