5082 stories by Todd Shriber
Penn Portnoy Euphoria Continues as Analysts Sees $85 Stock, Highest Wall Street Call
Penn National Gaming (NASDAQ:PENN) is extending its scintillating run Thursday, trading higher by almost seven percent. That's after Stifel analyst Steven Wieczynski placed an $85 price target, up from $47, on the name, the highest such call on Wall Street. With the...
Giants Deal Hastens Gargantuan Move by DraftKings Stock
DraftKings (NASDAQ:DKNG) is extending a monster run, trading higher by nearly 10 percent Wednesday following news of a multi-year agreement with the NFL's New York Giants. Accords between professional sports franchises and sportsbook operators are becoming more common as the industry becomes...
MGM Dented by Another Downgrade, Analyst Sees Vegas Volatility
It's been a week of downgrades for MGM Resorts International (NYSE:MGM). The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit. In a note to clients today, Roth Capital analyst David...
Wynn Resorts Stuck in Neutral Amid Macau VIP Risk, Says Analyst
Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market. In a note to clients today, Bain lowered his...
Penn National Removed From S&P Negative List, But Rating Remains Junk
Good news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor's (S&P) removed the casino operator's debt from the “CreditWatch Negative” group. The service cited reopened properties and adequate lease coverage. Companies on the CreditWatch Negative list are...
Barstool Sportsbook Launches in Pennsylvania with Data, Tips from GTG Network
Penn National Gaming's much-ballyhooed Barstool Sportsbook is live in Pennsylvania today, and the betting platform debuts featuring data and trend analysis, courtesy of GTG Network. Australia-based GTG parses trillions of data sets across an array of sports to offer gamblers trend-based tips...
Las Vegas Sands, SJM Holdings Seen Gaining Macau Market Share
With new gaming and lodging offerings soon coming online, Sands China and SJM Holdings could gain market share from rival Macau operators, say analysts. The world's largest gaming center is still struggling with the effects of the coronavirus pandemic. That's prompting industry...
DraftKings Draws Applause as Analysts Fawn Over ESPN Agreement
DraftKings (NASDAQ:DKNG) stock is trying to extend a rally that started Monday, fueled by news of a wide-ranging agreement with ESPN. Today, sell-side analysts are chiming in on the deal, stoking elevated activity in the sportsbook operator's equity. In midday trading, volume...
Caesars Gets Tepid Review from Goldman Sachs, Bank Still Sees Catalyst-Rich Story
Count Goldman Sachs as the rare investment bank that's not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a $56 price target, implying modest upside from the...
Score Media Wins Toronto Stock Exchange Promotion, Shares Surge
Score Media and Gaming, the operator of theScore and theScore Bet, said today its stock is graduating from the Toronto Venture Exchange to the more traditional Toronto Stock Exchange (TSE). Score's shares currently listed on the Toronto Venture Exchange will be delisted,...
