Penn Entertainment (PENN) is a prominent U.S. regional gaming and sports betting company that owns or operates casinos, hotels, and racetracks. Boyd Gaming , another comparably sized US regional gaming company, is reportedly possibly interested in acquiring PENN. On Friday, JPMorgan upgraded the PENN on improving free cash flow. Admittedly, a 3% free cash flow yield and 17.2 times EV/EBIT multiple aren't extraordinarily cheap multiples. PENN YTD mountain Penn stock, YTD PENN has substantial balance sheet leverage, which contributes to elevated options premiums.

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Persons: PENN, YTD PENN Organizations: Penn Entertainment, Boyd Gaming, JPMorgan, PENN, ESPN Bet, ESPN, ESPN BET, CNBC, NBC UNIVERSAL Locations: U.S, PENN, Penn