Deutsche Bank Upgrades Boyd Gaming to Buy

By Austin Angelo

Deutsche Bank analyst Carlo Santarelli upgraded Boyd Gaming (NYSE: BYD) to Buy today and set a price target of $37. The company’s shares opened today at $32.29, close to its 52-week high of $33.02.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 15.5% and a 76.1% success rate. Santarelli covers the Services sector, focusing on stocks such as Melco Resorts & Entertainment Limited, International Game Technology, and Marriott International.

Boyd Gaming has an analyst consensus of Moderate Buy, with a price target consensus of $31.33.

The company has a one-year high of $33.02 and a one-year low of $19.19. Currently, Boyd Gaming has an average volume of 1.21M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

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Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. Its portfolio includes hotels, casino, breweries, resorts, and spa.