Boyd Gaming price target lowered to $65 from $71 at Stifel

Stifel analyst Steven Wieczynski lowered the firm’s price target on Boyd Gaming to $65 from $71 and keeps a Hold rating on the shares. Margins and results are “going to disappoint” and coupled with subdued commentary around softness in the Las Vegas market, “we aren’t sure anybody is going to know what to do with BYD, let alone their regional peers,” the analyst tells investors. The firm remains neutral around regional gaming in general, but believes Boyd still represents “one of the better ways to play the regional gaming space if investors are looking for exposure,” the analyst added.