2022-01-26 06:37:37 PENN Penn National
01/26/22 01/2606:37 01/26/2206:37 | Penn National upgraded to Outperform from Neutral at MacquarieMacquarie analyst Chad Beynon upgraded Penn National to Outperform from Neutral with a price target of $71, down from $80. With Penn shares now trading in the low $40s after having underperformed the gaming group in 2021, Beynon believes the market is giving little to no value for the online business that he values at $23 per share, including the recently closed Score acquisition, he tells investors. Operationally, Penn continues to build digital in "a massively different way than peers," Beynon added. |
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