Penn Could Be Bought. Wall Street Doesn’t Agree on What It Means for the Stock.
Penn Entertainment could be getting a buyout offer, and Wall Street analysts are debating whether it’s a good move for the company and investors. Penn stock jumped 9.9% on Thursday after a Reuters report that said Boyd Gaming was interested in making an offer to buy the gambling company, citing people with the matter. Neither Penn or Boyd immediately responded to a Barron’s request for comment.