Jefferies Upgrades Penn National Gaming (PENN) to Buy
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Price: $57.63 -0.41%
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Trade PENN Now!
Jefferies upgrades Penn National Gaming (Nasdaq: PENN) from Hold to Buy and raises their price target from $30 to $41.
The firm said, "Strong 3Q10 results coupled with a more positive comparison landscape suggest that estimates should continue to move higher. Coupled with the risk of an LV Strip acquisition reduced for the time being, we believe higher multiples are warranted."
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The firm said, "Strong 3Q10 results coupled with a more positive comparison landscape suggest that estimates should continue to move higher. Coupled with the risk of an LV Strip acquisition reduced for the time being, we believe higher multiples are warranted."
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