Penn National Share-Price Target at Stifel Is Wall Street High

Shares of Penn National Gaming  (PENN) – Get Report rose after the country’s largest regional casino operator received a share-price upgrade from Stifel analyst Steven Wieczynski to $85 from $47, putting his target at the top of Wall Street’s list. Wieczynski, who affirmed his buy rating, says the company will continue […]

Shares of Penn National Gaming  (PENN) – Get Report rose after the country’s largest regional casino operator received a share-price upgrade from Stifel analyst Steven Wieczynski to $85 from $47, putting his target at the top of Wall Street’s list.

Wieczynski, who affirmed his buy rating, says the company will continue to benefit as states pass legislation to legalize sports gambling, Bloomberg reports.

Penn National shares recently traded at $73.37, up 8.2%. They have nearly tripled this year. 

Bruce Kamich of Real Money recommends taking profit here.

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