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UPDATE: Morgan Stanley Raises Price Target On Boyd Gaming on Increased LV Market Estimates/Online-Confidence

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In a report published on Monday, Morgan Stanley analyst Thomas Allen raised the price target on Boyd Gaming (NYSE: BYD), from $15.00 to $16.00 and maintained an Overweight rating.

In the report, Morgan Stanley noted, "We raise our BYD PT to $16 and increase our '13/'14 ests slightly post-recent events 1) Station earnings / our cost analysis give us more confidence in LV Locals upside; 2) Our H2 meeting, the opening of NV online poker, and the release of NJ draft regs / IL proposal reinforce our US online optimism."

Boyd Gaming closed Friday at $12.90 and is currently trading up 0.70 percent since market open.

Latest Ratings for BYD

DateFirmActionFromTo
Jan 2016Sterne Agee CRTUpgradesNeutralBuy
Jan 2016SusquehannaInitiates Coverage onPositive
Jan 2016JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for BYD
View the Latest Analyst Ratings

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