Jefferies Cuts Price Target on Boyd (BYD)
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Price: $86.57 +0.02%
Rating Summary:
18 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
18 Buy, 18 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Jefferies lowered its price target on Boyd Gaming (NYSE: BYD) from $11 to $6 as it contemplates Q3 results.
The firm comments, "Set against a slowly evolving gaming landscape, we believe
BYD's property portfolio should continue to face considerable challenges for some time as the consumer environment muddles its way through the economic uncertainties of the near-term."
For Q3, the firm sees total casino revenues of $508.3 million.
For more ratings news on Boyd Gaming click here and for the rating history of Boyd Gaming click here.
Shares of Boyd Gaming closed at $6.27 yesterday.
The firm comments, "Set against a slowly evolving gaming landscape, we believe
BYD's property portfolio should continue to face considerable challenges for some time as the consumer environment muddles its way through the economic uncertainties of the near-term."
For Q3, the firm sees total casino revenues of $508.3 million.
For more ratings news on Boyd Gaming click here and for the rating history of Boyd Gaming click here.
Shares of Boyd Gaming closed at $6.27 yesterday.
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