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Penn National Gaming, Inc. (NASDAQ:PENN), (DKNG) - Penn National Gaming: Why This Analyst is Bullish


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Penn National Gaming Inc. s (NASDAQ: PENN) stake in Barstool Sports is listed as a major catalyst by an analyst offering a take on the U.S. sports betting market. 
The Penn National Analyst: Needham analyst Bernie McTernan initiated Penn National Gaming with a Buy rating and a $151 price target with a bull case price target of $350.
The Analyst Takeaways: Penn National has a compelling risk/reward according to the analyst. McTernan sees the U.S. online sports betting and iGaming market worth $32 billion.
“(We) see the potential for PENN to take significant, profitable market share on the strength of Barstool’s differentiated content-driven customer acquisition strategy,” McTernan said. ....

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