JP Morgan Downgrades Boyd Gaming to Neutral, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff downgraded Boyd Gaming (NYSE:BYD) from Overweight to Neutral and reduced the price target from $80 to $67, indicating a more cautious outlook on the company's stock.

April 26, 2024 | 10:31 am
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Boyd Gaming was downgraded by JP Morgan from Overweight to Neutral, with a price target reduction from $80 to $67, reflecting a more conservative view on the stock's future performance.
The downgrade by a major analyst like JP Morgan from Overweight to Neutral, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards Boyd Gaming in the short term. This action suggests a less optimistic view on the company's future earnings potential or market position, which can lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100