Boyd Gaming Shares Downgraded by Barclays Capital to “Equal Weight” (BYD)

Boyd Gaming (NYSE: BYD) was downgraded by Barclays Capital (NYSE: BCS) from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday. They currently have a $8.00 price target on the stock, down from their previous price target of $10.00.

Separately, analysts at Nomura (NYSE: NMR) initiated coverage on shares of Boyd Gaming in a research note to investors on Thursday. They set a “neutral” rating on the stock. Analysts at Sterne Agee downgraded shares of Boyd Gaming from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 27th. Also, analysts at Zacks Investment Research upgraded shares of Boyd Gaming from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 26th.

Boyd Gaming Corporation (Boyd Gaming) is a multi-jurisdictional gaming company. As of December 31, 2009, the Company’s wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana. In addition, it owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, a travel agency, and a captive insurance company that underwrites travel-related insurance. As of December 31, 2009, it owned an aggregate of approximately 812,500 square feet of casino space, containing approximately 21,400 slot machines, 425 table games and 7,550 hotel rooms. On January 22, 2009, it opened hotel at Blue Chip Casino, Hotel & Spa.

Shares of Boyd Gaming opened at 9.10 on Thursday. Boyd Gaming has a one year low of $4.12 and a one year high of $12.18. The stock’s 50-day moving average is $8.33 and its 200-day moving average is $6.70. The company’s market cap is $785.5 million.

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Posted by Web Inquirer Staff on 11 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.