Truist lowered the firm’s price target on Boyd Gaming to $76 from $83 and keeps a Buy rating on the shares. Boyd’s balance sheet today could be conducive to more accretive M&A, and Truist continues to favor Boyd for systematic capital returns, with now over $1B+ in cumulative dividends and repurchases since the company began buying back shares in October 2021, the analyst tells investors in a research note.
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