Barclays Downgrades Boyd Gaming to Equal-Weight, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour has downgraded Boyd Gaming (NYSE:BYD) from Overweight to Equal-Weight and reduced the price target from $71 to $66.

December 15, 2023 | 10:44 am
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Boyd Gaming was downgraded by Barclays from Overweight to Equal-Weight, and the price target was lowered from $71 to $66.
Downgrades by major analysts like Barclays can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lower expected performance, which may also contribute to a decrease in investor confidence and a downward pressure on the stock.
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IMPORTANCE 75
RELEVANCE 100