UPDATE: Morgan Stanley Lowers PT on Penn Gaming Following Recent Earnings Report
February 10, 2014 at 07:51 AM EST
In a report published Friday, Morgan Stanley analyst Thomas Allen lowered the price target on Penn National Gaming (NASDAQ: PENN ) from $13 to $12 following last week's earnings report. Allen lowered 2Q14 estimates by 7% and flexed the bull/bear cases to highlight the high risk-reward of the stock.