Increasing unusual call option volume: IJR YELL KVUE BSM ARRY HSBC PUBM TUP BUR PENN

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Truist says investors should wait before adding to PENN Entertainment (PENN) positions

August 10, 2023 8:47 AM EDT

Truist cut PENN Entertainment (NASDAQ: PENN) to Hold from Buy, lowering the price target on the stock to $30 per share from $33 in a note to clients Thursday.

Analyst Barry Jonas told investors that "it's a long way to the top," and... More

Penn National Gaming (PENN) Menioned Positively at Roth/MKM: 'Major Upside Potential'

August 10, 2023 7:22 AM EDT

Roth/MKM analyst Edward Engel reiterated a Buy rating and $38.00 price target on Penn National Gaming (NASDAQ: PENN).

The analyst comments "We believe PENN's legacy land-based business is worth $19/share, which assumes a 13% yield on PENN's normalized land-based FCF of $400M. At... More