Boyd Gaming price target lowered to $71 from $82 at Stifel

Stifel analyst Steven Wieczynski lowered the firm’s price target on Boyd Gaming (BYD) to $71 from $82 and keeps a Hold rating on the shares. The firm, which now prices in a moderate recession to its revised 2025-2027 EBITDA estimates, cut EBITDA estimates by about 5% on average and now sits about 5% below consensus, the analyst tells investors.