BofA analyst Shaun Kelley lowered the firm’s price target on Boyd Gaming (BYD) to $70 from $77 and keeps a Buy rating on the shares. Following the company’s Q3 report, the firm lowers its 2024 EBITDAR estimate by 5% to reflect higher operating costs and supply headwinds from Red Rock Resorts’ (RRR) Durango. However, the firm reiterates its Buy rating, citing Boyd’s lower financial and operating leverage and relative value.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
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?
Questions or Comments about the article? Write to editor@tipranks.com