Zacks Investment Research downgraded shares of PENN NATL GAMNG (PENN) from OUTPERFORM to NEUTRAL on June 20, 2012, with a target price of $48.80.
Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations.
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