to launch in September<\/a>, throwing Penn into direct competition with the likes of DraftKings, FanDuel, and William Hill, among others. Likewise, the near-term success of the Barstool <\/i>app will be tethered to the NFL and the league’s ability to execute a 2020 campaign without interruptions caused by COVID-19.<\/p>\nWild Ride<\/h2>\n
Penn is taking investors on a roller coaster ride this year. The stock traded just under $40 prior to the coronavirus shutdown. It would later plummet to $3.75 as the investment community fretted about the operator’s debt burden and ability to survive in a zero-revenue climate.<\/p>\n
From that March low of $3.75, Penn stock is on a breathtaking pace, one that’s delivered gains of 1,379 percent, including more than 58 percent just over the past month.<\/strong><\/p>\nThe price target of $62 put forth by Truist’s Jonas is well above the Wall Street consensus of $46.67. Thirteen analysts cover the stock, with nine having bullish or very bullish ratings on the name.<\/p>\n","protected":false},"excerpt":{"rendered":"
In what’s been recently been a regular occurrence, Penn National Gaming (NASDAQ:PENN) is soaring Tuesday with the help of bullish commentary from a sell-side analyst. Today, Truist analyst Barry Jonas is stepping up in support of the regional gaming operator. He is reiterating a \u201cbuy\u201d rating, while boosting his price target on the stock to […]<\/p>\n","protected":false},"author":46,"featured_media":145327,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Penn National Stock Gets Another Boost Aided by Analyst Comments<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n