Capital One turns bullish on PENN as new properties provide a growth runway

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Capital One Securities upgraded PENN Entertainment ( PENN ) to an Overweight rating after having the casino stock slotted at Equalweight. Analyst Daniel Guglielmo pointed to the company's recent successes from the Hollywood Casino Joliet relocation project and the second hotel tower at

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Capital One notes that a new property provides a growth trajectory for Penn Entertainment, changing its view on the stock price of Penn Entertainment. Capital One upgraded the stock of Penn Entertainment from Equalweight to Overweight. Analyst Daniel McGillimay emphasized the growth potential of Penn Entertainment, mentioning the success of the Hard Rock Hotel and Casino Hollywood and the relocation project, as well as the second hotel tower.

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In light of the successful Hard Rock Hotel and Casino Hollywood and the relocation project, Capital One upgraded Penn Entertainment's stock from Equalweight to Overweight, emphasizing the company's growth potential.

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