STOCK OF THE DAY BOYD- @ $48
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Boyd Gaming initiated with an Outperform at JMP Securities 04:52 BYD JMP Securities analyst Jordan Bender initiated coverage of Boyd Gaming with an Outperform rating and $65 price target. The analyst sees a "disconnect" between the stock's valuation and gaming fundamentals. Macro factors in Nevada, such as home prices and taxable sales, remain healthy, supporting a strong spend per head in the locals/downtown market where the company generates 39% of its earnings, Bender tells investors in a research note. The analyst says Nevada has proven to be one of the healthiest gaming markets.
Back where it has been before>
Boyd Gaming initiated with an Outperform at JMP Securities 04:52 BYD JMP Securities analyst Jordan Bender initiated coverage of Boyd Gaming with an Outperform rating and $65 price target. The analyst sees a "disconnect" between the stock's valuation and gaming fundamentals. Macro factors in Nevada, such as home prices and taxable sales, remain healthy, supporting a strong spend per head in the locals/downtown market where the company generates 39% of its earnings, Bender tells investors in a research note. The analyst says Nevada has proven to be one of the healthiest gaming markets.
