Boyd Gaming price target raised to $80 from $79 at Truist

Truist analyst Barry Jonas raised the firm’s price target on Boyd Gaming to $80 from $79 and keeps a Buy rating on the shares as part of a broader research note previewing the 2023 US Gaming Sector Outlook. Gaming has proven its resiliency and 2023 is not expected to be much different, the analyst tells investors in a research note, stating that gaming fundamentals will slow down only slightly and the improving Digital and the Vegas calendar could even drive some consolidated EBITDA growth. Jonas adds that BYD is one of his "favorite names" heading into 2023 as its diversification should help offset any new competitive threats.