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Morgan Stanley Feels Confident in Boyd Gaming Ahead of 1Q14 Report

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In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating and $13.00 price target on Boyd Gaming (NYSE: BYD).

In the report, Morgan Stanley noted, “BYD reports 1Q14 results Wed AMC. Following PENN's results, we would be cautious on BYD stock into earnings. Recent history of PENN vs. BYD results and stock reactions suggests little reason to take the risk. Given our Overweight BYD call is predicated on longer-term drivers (Online Gaming, LV Locals recovery, OpCo/PropCo split), which we don't expect to get positive updates on, we would stay on the sidelines near-term.”

Boyd Gaming closed on Friday at $11.69.

Latest Ratings for BYD

DateFirmActionFromTo
Feb 2022Morgan StanleyMaintainsOverweight
Jan 2022Morgan StanleyMaintainsOverweight
Dec 2021Raymond JamesUpgradesOutperformStrong Buy

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Posted-In: Morgan Stanley Thomas AllenAnalyst Color Reiteration Analyst Ratings

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