In a report published Thursday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating and $13.00 price target on Boyd Gaming Corporation BYD.
In the report, Morgan Stanley noted, “BYD noted that mgmt had recently been in Japan and saw potential LONG-TERM opportunities in more tertiary markets. In addition, mgmt discussed looking at potential acquisitions, greenfield projects in CA and FL (done with partners), and it didn't reject the notions of either selling properties or converting to an OpCo/PropCo structure. While all these actions may just be thoughts, mgmt did guide to an increase in its corporate expense budget of $8m (or 17%) in 2014.”
Boyd Gaming Corporation closed on Wednesday at $11.61.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in