This content is from:xinyabo体育app
2015 All-America Research Team: Gaming & Lodging, No. 3: Carlo Santarelli
Carlo Santarelli of Deutsche Bank Securities holds on to the No. 3 slot he first captured in 2013.
Total appearances: 4
Analyst debut: 2012
“A singular force of knowledge and insight,” as one fund manager describes him,Carlo Santarelliof Deutsche Bank Securities holds on to the No. 3 slot he first captured in 2013. The researcher, 38, has long been a fan of Penn National Gaming, a Wyomissing, Pennsylvania–based operator of regional pari-mutuel and casino facilities, repeatedly touting the name. For example, citing solid earnings from its existing properties and the potential for projects in the pipeline, he restated his position in November. Sure enough, as of mid-September the stock had bolted 33.7 percent, to $17.58, leading its peers by 25 percentage points. It remains recommended, in part on Penn National’s growing discretionary spending, with a price target of $25. Another Santarelli favorite is Stamford, Connecticut’s Starwood Hotels & Resorts Worldwide, a hotel chain operator which he deems appealing for its strong balance sheet and management’s plans to strengthen such brands as Sheraton. He assigns the shares a price objective of $84, implying a 37.4 percent upside to their value in the middle of last month. “Carlo provides differentiated views and isn’t afraid to challenge managements,” another advocate observes.