Boyd Gaming price target lowered to $75 from $80 at Truist

Truist analyst Barry Jonas lowered the firm’s price target on Boyd Gaming to $75 from $80 but keeps a Buy rating on the shares. The company’s Q1 EBITDA miss was driven by weakness across the mainland-based segments on the topline and worse on the margin, the analyst tells investors in a research note. Locals are seeing a continuing negative ripple effect from Durango’s opening, though the firm still likes Boyd for low leverage, real estate ownership, and continued capital returns, Truist added.