UPDATE: Loop Capital Starts Boyd Gaming (BYD) at Buy

Loop Capital analyst Daniel Adam initiates coverage on Boyd Gaming (NYSE: BYD) with a Buy rating and a price target of $86.00.

The analyst comments "We are initiating coverage of Boyd Gaming, Corp. (BYD) with a Buy rating and $86 price target. Key drivers include: (1) FCF growth fueling increased capital returns to shareholders; (2) consistently profitable (and growing) online gaming business; (3) LSD topline growth and higher margins vs. 2019 in regional markets; (4) the vibrant Locals and Downtown markets in Las Vegas; and (5) real estate optionality is a plus."

For an analyst ratings summary and ratings history on Boyd Gaming click here. For more ratings news on Boyd Gaming click here.

Shares of Boyd Gaming closed at $49.62 yesterday.

You May Also Be Interested In

• Raymond James Starts SpyGlass Pharma (SGP) at Outperform
• Seaport Global Securities Starts ADI Global Distribution (ADIG) at Buy
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy