stock in penn national gaming should trade at higher levels according to an analyst at jefferies who predicts returns from the gambling and esports company’s strategic plans analyst david katz upgraded his rating of penn national ticker penn to buy from hold with a 49 price target katz wrote in a research note that recent stock weakness has reduced shares to a level that “comfortably reflects the stable cash generation of the landbased casino business” and cited value from the company’s digital and media assets