Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Boyd Gaming to $67 from $72 and keeps an Equal Weight rating on the shares. The firm has cut its FY24 and FY25 EBITDAR estimates by about 3% to reflect softer top-line trends in all of Boyd’s core segments along with upward cost pressures, the analyst tells investors in a post-earnings note.
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Read More on BYD:
- Boyd Gaming price target lowered to $71 from $77 at Barclays
- Boyd Gaming price target lowered to $72 from $79 at JPMorgan
- Boyd Gaming reports Q3 adjusted EPS $1.36, consensus $1.47
- Boyd Gaming price target lowered to $84 from $87 at Susquehanna
- BYD Upcoming Earnings Report: What to Expect?
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