Earlier this month, Penn said it’s opening the first brick-and-mortar Barstool sportsbook at its Ameristar Casino Resort Spa property in Black Hawk, Co. The company will eventually rebrand the bulk of its retail books with the Barstool name.<\/strong><\/p>\nPromising Equity Action<\/h2>\n
Kim, the Piper Sandler analyst, calls Barstool Sportsbook a new revenue stream for Penn. The stock isn’t lacking for reasons for investors to bid it higher this year, and that’s exactly what they’re doing.<\/p>\n
Up a jaw-dropping 1,763.47 from its March lows, Penn stock tacked on almost 10 percent for the trading week ending Nov. 20.<\/p>\n
Kim’s price target of $84, which is nearly $10 above the Wall Street consensus, implies upside of about 20 percent from Friday’s close<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Penn National Gaming (NASDAQ:PENN) continues piling up positive commentary among Wall Street analysts, with Piper Sandler analyst Yung Kim hopping on board this week. In new coverage of the regional gaming name and rising sports betting player, Kim tagged the Pennsylvania-based operator with an \u201coutperform\u201d rating and an $84 price target. That is one of […]<\/p>\n","protected":false},"author":46,"featured_media":156175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Penn National Price Target Rises as Analyst Sees Sports Betting Upside<\/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