Craig-Hallum analyst Ryan Sigdahl notes Penn Entertainment (PENN) presented at G2E on Monday, highlighted by mixed Q3 preliminary results, forthcoming ESPN (DIS) account linking planned before the NBA season, and plenty of enthusiasm around the omnichannel opportunity. Penn’s casino portfolio is performing well, growth projects are progressing, and Interactive has plenty of updates on the way, including ESPN account linking, SGP enhancements, and a standalone iCasino app. Craig-Hallum continues to believe the company is worth significantly more than its current EV but execution remains key. The firm has a Buy rating on the shares with a price target of $30.
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