JP Morgan Maintains Overweight on Boyd Gaming, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff maintains an Overweight rating on Boyd Gaming (NYSE:BYD) but lowers the price target from $79 to $72.
October 25, 2023 | 6:41 pm
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JP Morgan maintains an Overweight rating on Boyd Gaming but lowers the price target from $79 to $72.
The news is directly about Boyd Gaming. The Overweight rating indicates that JP Morgan expects the stock to outperform, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100