Penn Entertainment, Inc. (NASDAQ:PENN) ranks among the best sin stocks to buy right now. Following a tour to Penn Entertainment, Inc. (NASDAQ:PENN)’s new land-based casinos in Illinois, Stifel maintained its Hold rating and $19 price target on the company on August 13. In addition to learning about the upcoming Aurora casino, which is expected to open in the first half of 2026, the analyst team also visited Penn’s recently opened Hollywood Joliet property, which debuted on August 11.
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While adding that these returns might not be completely reflected in consensus estimates for fiscal year 2026, Stifel expressed confidence in its forecast of mid-teens percentage cash-on-cash returns for the two projects.
Although Stifel believes that Penn Entertainment, Inc. (NASDAQ:PENN) boasts an “increasingly attractive setup” with improved retail same-store cash flows and possible catalysts beginning in late 2025, the firm remains cautious due to macroeconomic uncertainty.
Penn Entertainment, Inc. (NASDAQ:PENN) offers integrated entertainment, sports content, and casino gaming experiences. The company consists of five segments: Northeast, South, West, Midwest, and Interactive. Its portfolio includes casinos, racetracks, and online sports betting in a number of locations.
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Disclosure: None. This article is originally published at Insider Monkey.
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