Penn National Gaming (PENN) Receives Price Target

Penn National Gaming (PENN) : 7 Wall Street analysts covering Penn National Gaming (PENN) believe that the average level the stock could reach for the short term is $19.43. The maximum price target given is $23 and the minimum target for short term is around $15, hence the standard deviation is calculated at $2.64.

Penn National Gaming (PENN) : 6 brokerage houses believe that Penn National Gaming (PENN) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Penn National Gaming (PENN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


Also, Macquarie upgrades its view on Penn National Gaming (NASDAQ:PENN) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 30, 2016.

Penn National Gaming (NASDAQ:PENN): The stock opened at $14.25 on Thursday but the bulls could not build on the opening and the stock topped out at $14.38 for the day. The stock traded down to $14.06 during the day, due to lack of any buying support eventually closed down at $14.14 with a loss of -0.28% for the day. The stock had closed at $14.18 on the previous day. The total traded volume was 527,068 shares.

Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

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