Truist analyst raises Boyd target to $88 as regional casino revenue grows
Truist Securities analyst Barry Jonas said regional casino revenue rose 1% in December and 3% in the fourth quarter of 2024. He maintained Buy ratings on the companies in his coverage except Station Casinos and Bally’s Corp., both rated Hold, and raised Boyd Gaming’s price target from $85 to $88 per share.
The revised outlook and target provide investors with updated estimates for regional casino operators and Boyd Gaming.