Penn National Gaming Reaffirms Guidance; Deutsche Bank Still Likes Stock

Penn National Gaming, Inc shares have appreciated 18.21 percent year to date, from a low of $13.21 on January 6. According to the Deutsche Bank report, “Despite some weather related concerns in December and a calendar hampered November, PENN reiterated its net revenue guidance of $722.5 mm and its adjusted EBITDA guidance of $181.6 mm.” Analyst Carlo Santarelli expects the removal of the EPS risk to be favorable for the shares, “as we transition into the New Year and face more challenging comparisons given favorable 1Q15 weather.”

Penn National Gaming Reaffirms Guidance; Deutsche Bank Still Likes Stock

Penn National Gaming, Inc shares have appreciated 18.21 percent year to date, from a low of $13.21 on January 6. According to the Deutsche Bank report, “Despite some weather related concerns in December and a calendar hampered November, PENN reiterated its net revenue guidance of $722.5 mm and its adjusted EBITDA guidance of $181.6 mm.” Analyst Carlo Santarelli expects the removal of the EPS risk to be favorable for the shares, “as we transition into the New Year and face more challenging comparisons given favorable 1Q15 weather.”