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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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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.