Boyd Gaming initiated with an Overweight at Wells Fargo
Wells Fargo analyst Daniel Politzer initiated coverage of Boyd Gaming with an Overweight rating and $92 price target. The analyst said the rating reflects his view that at least 1,000 bps of Boyd's recent margin expansion will prove sustainable and that the stock offers exposure to the "highly attractive" Las Vegas Locals market. Politzer added that Boyd's 5% stake in FanDuel is worth an estimated $12 per share.
I've always like Boyd. Not sure about the Vegas market anymore...
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