black bear casino gabriel iglesiasPenn 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.(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 .Three Pennsylvania casinos are reopening this week that are located in counties in the “green phase” of Governor Tom Wolf’s (D) reopening plan.roulette wheel casino tableAn upward price estimate revision is usually a bullish sign.“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.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.mohegan sun casino hotel rooms

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gold coast casino all you can eat5 billion, or a share.5 billion, or a share.In green, gatherings of up to 250 people are permitted, restaurants and bars are allowed to reopen at 50 percent capacity, and all entertainment venues – including casinos – can resume operations at 50 percent capacity.directions to golden nugget casinoPenn operates 41 casinos in 19 states, including some where gaming taxes are considered high, including Illinois and Pennsylvania.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.is liberty slots legit

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poker casino in istanbulSantarelli’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.”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.In green, gatherings of up to 250 people are permitted, restaurants and bars are allowed to reopen at 50 percent capacity, and all entertainment venues – including casinos – can resume operations at 50 percent capacity.m.However, the majority of the caseach casino’s net win, plus annual operating payments.turtle creek casino traverse