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Penn Entertainment Bonds Unlikely to Impress, Analyst Warns
Amid sluggish performance in its interactive division and solid but unspectacular results from its land-based casinos, Penn Entertainment’s (NASDAQ: PENN) corporate debt may not offer significant near-term gains. That’s the view of GimmeCredit analyst Kim Noland, who in a recent report highlighted that Penn is expected to generate lower free cash flow this year compared…