Wells Fargo analyst Daniel Politzer maintains $Boyd Gaming (BYD.US)$ with a buy rating, and adjusts the target price from $75 to $79.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of 9.0% 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 demonstrated a robust performance, surpassing expectations even when excluding one-time items. However, comparisons are expected to become more challenging in the fourth quarter.
Boyd Gaming's Q3 EBITDAR exceeded expectations by 4% due to higher land-based revenue and margins, demonstrating strong execution amidst a fluctuating economic environment. The company is still considered a leading value stock in the gaming industry.
Boyd Gaming is beginning to differentiate from its peers owing to sustained, stable trends in its core Las Vegas locals market. This is now accompanied by a significant long-term growth project in Norfolk, Virginia, which is expected to become operational in phases beginning the following year, as highlighted after the company's Q3 report.
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.
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