Texas Capital: Boyd Gaming Stock Is Catalyst-Rich, ‘Deeply Undervalued’
Photo: Casino.org
Like other casino stocks, Boyd Gaming has struggled of late, shedding nearly 10% over the past month — a slump that extends the year-to-date loss to 18.6% — but some analysts remain constructive on shares of the Orleans operator. Ahead of the regional casino operator’s third-quarter earnings report on Oct. 22, Texas Capital analyst David Bain lowered estimates on Boyd, as he did with several other gaming operators, but he notes that following third-quarter slumps, regional casino equities are displaying “underlying strength with dislocated valuations.” He rates Boyd a “buy” with a $106 price target, implying potential upside of nearly…
Source: Casino.org
