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JPMorgan Downgrades Gaming and Leisure Properties to Neutral
JPMorgan downgraded Gaming and Leisure Properties from overweight to neutral and set a $46 price target, while Scotiabank separately cut its target to $43 and maintained a sector-perform rating. The reports reflect a broadly cautious outlook, with analysts’ consensus rating remaining hold.
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About Gaming and Leisure Properties
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 57 casino properties, all of which are leased to other companies.
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