UPDATE: Bank of America Initiates Coverage on Gaming & Leisure Properties as Rate Exposure Offsets M&A

In a report published Monday, Bank of America analyst Shaun C. Kelley initiated coverage on Gaming & Leisure Properties (NASDAQ: GLPI ) with a Neutral rating and $50.00 price target. In the report, Bank of America noted, “Following the spin-off of PENN's real estate, we are initiating coverage of Gaming