Boyd Gaming (BYD) Misses Q1 EPS by 6c

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Boyd Gaming (BYD) cut to Hold at Deutsche Bank following stock outperformance

April 26, 2024 8:31 AM EDT

On Friday, Deutsche Bank downgraded Boyd Gaming (NYSE: BYD) to a Hold rating from a previous Buy status. The firm also lowered its price target for Boyd Gaming's shares to $71 from the prior target of $78.

The downgrade follows Boyd Gaming's release of a second consecutive quarterly report that did not meet expectations, marking a challenging first quarter in 2024. The... More