J.P. Morgan analyst Joseph Greff maintains $Boyd Gaming (BYD.US)$ with a hold rating, and adjusts the target price from $68 to $69.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boyd Gaming (BYD.US)$'s main analysts recently are as follows:
Following Boyd Gaming's third-quarter report, it was noted that the company achieved a strong performance, surpassing expectations even when excluding one-time events. However, it was mentioned that comparisons are expected to become more challenging in the fourth quarter.
Boyd Gaming's Q3 EBITDAR surpassed expectations by 4% due to higher land-based revenue and margins, indicating effective execution amidst a fluctuating macroeconomic environment. The company continues to be recognized as a leading gaming value stock.
Boyd Gaming is increasingly distinguishing itself from its peers due to the sustained, stable trends in their core Las Vegas local market, and now with the addition of a significant long-term growth project in Norfolk, Virginia, which is expected to commence in phases beginning the following year.
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.
