Portnoy Slams Deutsche Bank for ‘Wrong’ Call on Penn National

(Bloomberg) — Barstool Sports founder Dave Portnoy took to Twitter to slam Deutsche Bank analyst Carlo Santarelli on his cautious view of Penn National Gaming Inc., a 36% equity-stake holder of Barstool.Portnoy tweeted a question to CNBC host Jim Cramer: “Do analysts ever get fired for being catastrophically wrong?” Santarelli has the lone sell rating on Penn National and his 12-month share price estimate is about 57% below where it currently trades. Penn National’s stock which closed at $72.70 on Wednesday, climbed as much as 3.1% today.Santarelli earlier reiterated his bearish view on Penn National, writing that there are “a …read more

Source:: Yahoo Finance

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