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Barclays Maintains Boyd Gaming(BYD.US) With Hold Rating, Raises Target Price to $70

Futu News ·  Oct 17 16:31  · Ratings

Barclays analyst Brandt Montour maintains $Boyd Gaming (BYD.US)$ with a hold rating, and adjusts the target price from $68 to $70.

According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 11.5% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Boyd Gaming (BYD.US)$'s main analysts recently are as follows:

  • Anticipation is elevated for Macau's performance, whereas projections for the Las Vegas Strip and Locals have moderated, according to analysts. It was noted that regional trends continue to be subdued, and weather conditions present a further obstacle.

  • The outlook for Q3 is particularly optimistic regarding digital gaming, where the fundamentals and commentary are perceived to be the most favorable. As for Macau, it stands at a pivotal point, while there is a note of caution expressed about land-based U.S. gaming.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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