Boyd Gaming has reportedly made an acquisition approach to Penn Entertainment, causing Penn Entertainment stock to jump 10%. Penn Entertainment shares surged following the news of an interested party in an acquisition, with Boyd Gaming expressing interest in acquiring the company. Penn National has been upgraded to 'Buy' by Craig Hallum with a $30 price target, implying a 50% upside. The operator of the M Resort, Penn Entertainment, is under scrutiny from the investment community after an activist investor suggested selling part or all of the company, with Boyd Gaming being a potential suitor.
🔻 Downgrades Alert: Raymond James downgrades Penn Entertainment to Market Perform! Morgan Stanley cuts DoubleVerify to Equal Weight! 📉 See full list below! $PENN $RMD $DV $HUBG $ODFL https://t.co/P9sfUm3o9H
ESPN Bet operator Penn Entertainment has reportedly been approached by casino company Boyd Gaming about an acquisition. $PENN previously said it intends to reach 20% market share with ESPN Bet by 2027. Story ⬇️
Turmoil for M Resort owner Penn could affect Las Vegas-based Boyd Gaming https://t.co/xOUqp2lgyS via @reviewjournal
Competitor reportedly interested in acquiring Penn Entertainment https://t.co/nF5wvUmvAU
The operator of the M Resort is under the investment community’s microscope after an activist investor told the board of directors of Penn Entertainment Inc. that it should sell all or part of the company — and Boyd Gaming Corp. is a possible suitor. https://t.co/9RuLuATMiG
Casino operator Boyd has expressed interest in acquiring Penn Entertainment, according to reports. Citizens JMP senior analyst Jordan Bender joins Yahoo Finance to discuss: https://t.co/NlUZfEObwz
Boyd Gaming approaches ESPN Bet operator Penn Entertainment about acquisition https://t.co/eIYZfAFRPK
Boyd Gaming approaches ESPN Bet operator Penn Gaming about acquisition https://t.co/eIYZfAFRPK
Penn Stock Jumps On Boyd Acquisition Interest Report @ByMatthewWaters https://t.co/Fa5TZr5zsv
$BYD $PENN | Boyd Gaming Makes Acquisition Approach To Penn Entertainment - Reuters Citing Sources
$BYD $PENN | Penn Entertainment Shares Soar On Buyout Report: What Investors Should Know Penn Entertainment shares saw a strong Thursday with a report of an interested party in an acquisition. Penn has struggled to gain traction for its ESPN Bet brand in many markets.
PENN NATIONAL $PENN upgraded to 'Buy' (from 'Hold') by Craig Hallum with a $30 price-target, at odds with Wall St., implying +50% upside: "While we have been critical of capital allocation and overpromising/underdelivering in Interactive (see our 8/10/23 downgrade – S&P is +22%…
PENN Entertainment stock jumps 10% on Boyd Gaming M&A report https://t.co/5mzzQpRB2Q https://t.co/jzjDAPNcO0
"Does this report valuing $PENN at $9 billion, including debt, make any sense?" asks @contessabrewer after Boyd Gaming reportedly made an acquisition approach to Penn Entertainment. "No," says @howardstutz. "Honestly, it really doesn't." $BYD https://t.co/l9M75gzVyl
Boyd Gaming approached Penn Entertainment for deal: report https://t.co/LRAYTDdwLP