Analysts revise Golden, Penn and DraftKings outlooks amid earnings and surcharge debate
Analysts at B Riley Securities and Truist Securities lowered their 2024 and 2025 EBITDA forecasts for Golden Entertainment after its second-quarter results. Jefferies and Truist gave differing views on Penn Entertainment, while Jefferies said investors were watching how Flutter addresses DraftKings’ surcharge ahead of Flutter’s earnings.
The analyst views flag changed earnings expectations and uncertainty for investors in three publicly traded gambling companies.