UPDATE: Bank of America Reiterates on Penn National Gaming After Winning Massachusetts Slot License

In a report published Monday, Bank of America analyst Shaun C. Kelley reiterated an Underperform rating on Penn National Gaming (NASDAQ: PENN ), and raised the price target from $10.00 to $12.00. In the report, Bank of America noted, “Last Thursday evening, the Massachusetts Gaming Commission announced PENN as the