On Oct 25, major Wall Street analysts update their ratings for $Boyd Gaming (BYD.US)$, with price targets ranging from $71 to $79.
Morgan Stanley analyst Stephen Grambling maintains with a buy rating, and maintains the target price at $78.
Barclays analyst Brandt Montour maintains with a hold rating, and adjusts the target price from $70 to $71.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and adjusts the target price from $75 to $79.
Stifel analyst Steven Wieczynski maintains with a hold rating, and adjusts the target price from $67 to $74.
Truist Financial analyst Barry Jonas maintains with a buy rating, and maintains the target price at $77.
Furthermore, according to the comprehensive report, the opinions of $Boyd Gaming (BYD.US)$'s main analysts recently are as follows:
Following Boyd Gaming's third-quarter report, it was noted that the company reported a solid performance, even when accounting for one-time events. However, it is anticipated that comparisons will become more challenging in the fourth quarter.
Boyd Gaming's Q3 EBITDAR exceeded expectations by 4% due to higher land-based revenue and margins, showcasing the company's effective execution amidst a fluctuating macroeconomic environment. The company continues to stand out as a prominent value stock within the gaming sector.
Boyd Gaming is becoming increasingly distinct from its competitors due to sustained and stable trends in its core Las Vegas local market. This is further complemented by a significant long-term growth project in Norfolk, Virginia, expected to begin operations incrementally from the following year, as observed after the company's Q3 report.
Here are the latest investment ratings and price targets for $Boyd Gaming (BYD.US)$ from 6 analysts:
Note:
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