JPMorgan analyst Joseph Greff raised the firm’s price target on Boyd Gaming (BYD) to $74 from $69 and keeps a Neutral rating on the shares. 2024 was another mixed year of Gaming & Lodging share price performance, with Lodging c-corps, on average, outperforming the SPX, while Gaming companies and Lodging REITs, on average, underperformed the SPX, the analyst tells investors in a research note. The firm said that, looking ahead, it sees more downside risk to stubbornly high consensus estimates for U.S. Gaming than upside, without a full appreciation for slowing top line growth and the ensuing margin impact.
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