Penn National Gaming Reports Third Quarter Income from Operations of $155.8 Million and Adjusted EBITDA after Master Lease Payments of $114.5 Million

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Go back to Penn National Gaming Reports Third Quarter Income from Operations of $155.8 Million and Adjusted EBITDA after Master Lease Payments of $114.5 Million

Penn National Gaming (PENN) PT Lowered to $30 at Nomura/Instinet

November 2, 2018 7:12 AM EDT

Nomura/Instinet analyst, Harry Curtis, lowered the price target on Penn National Gaming (NASDAQ: PENN) to $30.00 (from $38.00) while maintaining a Neutral rating following the company's 3Q earnings report. Adjusted 3Q EBITDAR of $230mn was just ~$3mn light of consensus.

Nomura/Instinet... More