Casino Stock Pops (Again) on Analyst Upgrade

Shares of casino name PENN Entertainment Inc (NASDAQ:PENN) are enjoying a 9% pop this morning, trading at $19.20, the stock's highest level since early March. Driving today's price action is an upgrade by Citizens JMP from "market perform" to "outperform," with a price target of $24. The firm cited a potential turning point in the equity. Today's bull note marks its second of the week, after the stock received a boost on Monday from JPMorgan Securities. Longer term, PENN has been recovering from its early-A ...