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Up almost 14 percent since the start of the fourth quarter, Penn National Gaming (NASDAQ:PENN) is proving resurgent among regional gaming equities, a theme some analysts believe could be durable. is the tachi palace casino open Mountaineer Casino New Cumberland Wv Lokm J. coolcat casino bonus codes P. Morgan analyst Joseph Greff likes Penn National stock and sees a potential Tropicana sale as a catalyst. lake tahoe casino hotel deals Miami Club Casino Com Kpzj (Image: YouTube)In a note to clients Tuesday, J. P. Morgan analyst Joseph Greff reiterated an “overweight” rating on shares of Penn while boosting his price target on the stock to . hotel y casino bellagio

That’s eight percent above the Wall Street consensus of . slot casino no deposit bonus 85 and about 23 percent higher than Monday’s close around . We continue to believe PENN offers a favorable risk/reward with an attractive valuation,” said Greff in the note. Penn National, the operator of gaming properties under the Argosy and Hollywood brands, among others, has gained acclaimed this year in the Wall Street community due in part to the company’s exposure to the fast-growing US sports betting market. jumping coyote black oak casino menu In addition to its footprint in its home state of Pennsylvania, one of the top domestic sports betting markets, the company operates properties in other blackjack city casinolegal sports wagering states, such as Iowa and Nevada. Penn National is positioned to take advantage of sports betting proliferation in the US, as the company is the largest gaming operator in Illinois, where sports betting is expected to launch next year. angel of the winds casino employment intertops casino tournament Penn also enjoys dominant market share in states that could soon approve sports wagering, such as Michigan, Missouri and Ohio.

Other CatalystsWall Street’s recent enthusiasm for the stock has been driven in large part by management’s plans to shore up the balance sheet, an effort that could include the sale of the Tropicana on the Las Vegas Strip. free online slots egt Our favorable view reflects a potential deleveraging catalysts via a sale of Trop LV/PSG, and an attractive valuation at lease-adjusted 6. 9x 2020E enterprise value/earnings before interest, taxes, depreciation and amortization (EBITDA) and 16% free

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