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UPDATE: FBR Capital Markets Initiates Coverage on Boyd Gaming on Mixed Factors

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In a report published Wednesday, FBR Capital Markets analyst Jake Fuller initiated coverage on Boyd Gaming (NYSE: BYD) with a Market Perform rating and $10.40 price target.

In the report, FBR Capital Markets noted, “We are initiating coverage of Boyd Gaming Corporation (BYD) with a Market Perform rating and a $10.40 price target. Key themes include the following: (1) Boyd Gaming is heavily weighted to the saturated U.S. regional gaming markets, (2) we see sparse external growth opportunities without a visible project pipeline, and (3) while online gaming is an appealing prospect, it appears to be fairly reflected in the stock. In short, we would prefer to focus on the Macau-centric gaming operators with better growth prospects.”

Boyd Gaming closed on Tuesday at $10.11.

Latest Ratings for BYD

DateFirmActionFromTo
Sep 2014Morgan StanleyDowngradesEqual-weight
Aug 2014Brean CapitalReiteratesHoldHold
Aug 2014NomuraReiteratesNeutralNeutral

View More Analyst Ratings for BYD
View the Latest Analyst Ratings

Posted-In: FBR Capital Markets Jake FullerAnalyst Color Initiation Analyst Ratings

 

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