Boyd Gaming price target raised to $82 from $74 at Stifel

Stifel raised the firm’s price target on Boyd Gaming (BYD) to $82 from $74 and keeps a Hold rating on the shares. The firm has been more cautious around the regional gaming landscape, but its neutral stance on Boyd shares for the last six months has “been dead wrong, there is no other way to say it,” the analyst tells investors. Boyd has separated itself from the “traditional” regional gaming operator and given continued healthy, stable trends in its core Las Vega locals market, coupled with a decent sized long-term growth project in Virginia that will come online in stages this year, the firm believes the growth algorithm is “better than peers,” adding that it believe 2025 consensus estimates “remain conservative/beatable” and that sentiment on the stock could “continue more bullish.”