Are Boyd Gaming (NYSE:BYD) Shares Headed North? Goldman Issues Upgrade.

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Boyd Gaming (NYSE:BYD) Stock Upgrade

It will be interesting to watch today’s trading of shares of Boyd Gaming (NYSE:BYD) as Goldman lifted the stock from a “Sell” to a respectable “Neutral”.

From a total of 13 analysts covering Boyd Gaming Corporation (NYSE:BYD) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $24 while the lowest target price is $19. The mean of all analyst targets is $21.31 with a 6.67% above today’s ($20.25) stock price. Boyd Gaming Corporation was the topic of 6 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Bank of America upgraded shares on July 28 to “Neutral” rating.

Approximately 235,570 shares of stock traded hands. Boyd Gaming Corporation (NYSE:BYD) has risen 52.05% since April 30, 2015 and is uptrending. It has outperformed by 52.33% the S&P500.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The company has a market cap of $2.24 billion. The Firm operates 22 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. It has 109.09 P/E ratio. The Firm owns and manages 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms.

According to Zacks Investment Research, “Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey.” Get a free copy of the Zacks research report on Boyd Gaming Corporation (BYD).

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