Mizuho Securities analyst Benjamin Chaiken maintains $Boyd Gaming (BYD.US)$ with a buy rating, and adjusts the target price from $78 to $79.
According to TipRanks data, the analyst has a success rate of 55.4% and a total average return of 7.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boyd Gaming (BYD.US)$'s main analysts recently are as follows:
Boyd Gaming's recent quarterly report revealed a strong performance, surpassing expectations even without considering one-time events. However, it is anticipated that the company will face more challenging comparisons in the fourth quarter.
Boyd Gaming's Q3 EBITDAR surpassed expectations by 4% due to better-than-anticipated land-based revenue and margins amid proficient execution in a fluctuating macroeconomic environment. The company continues to stand out as a prime gaming value stock.
Boyd Gaming is beginning to distinguish itself from its peers due to sustained positive trends in its main Las Vegas local market, and the addition of a significant long-term growth project in Norfolk, Virginia, which is expected to commence in phases beginning the subsequent year, as noted after the company's Q3 report.
Note:
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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.
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