Why Golden Nugget Online Casino Shares Jumped 11% Today
Shares of Golden Nugget Online Gaming (NASDAQ: GNOG) were running 11% higher in afternoon trading Tuesday after an analyst initiated coverage of the online casino operator with a buy rating.
Jefferies (NYSE: JEF) analyst David Katz said Golden Nugget has proved itself in New Jersey, the foremost state for online gambling in both casino games and sports betting. He says its performance last year indicates it can establish a low double-digit share of the market and there is "100+% potential upside."
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Source Fool.com