Credit Suisse Maintains Outperform on Penn National Gaming

Credit Suisse is out with its report today on Penn National Gaming PENN, maintaining Outperform. In a note to clients, Credit Suisse writes, "We believe PENN is amongst the best positioned gaming operators to benefit from a regional consumer recovery and the largest domestic growth pipeline in the sector. With a strong balance sheet, significant free cash flow, and a proven management team, we see PENN as the best-in-class play in the regional gaming sector." Credit Suisse maintains a $32 PT on PENN. At the time of posting, shares of PENN were trading at $39.06, down 0.71% from Friday's close.