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Gambling stocks as Penn thinks. Deutsche Bank says that these are the names you can buy in the sale



Pedestrians pass in front of Caesars Palace hotel and casino in Las Vegas, Nevada, USA, on Sunday, May 2, 2021.

Roger Kisby | Bloomberg | Getty Images

Sports betting and casino stocks fell sharply on Thursday, continuing a recent weakness in the space, but there are two names that stand out as attractive games for investors, according to Deutsche Bank.

Thursday̵

7;s losses were led by Penn National Gaming and DraftKings with declines of approx. 10% and 8%. Penn reported its results for the first quarter before the clock, beating expectations for a key profit metric and revenue.

However, Deutsche Bank analyst Carlo Santarelli said in a note that the results still could not justify the company’s valuation and reiterated the company’s sales rating.


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