Susquehanna analyst Joseph Stauff lowered the firm’s price target on Boyd Gaming (BYD) to $75 from $77 and keeps a Positive rating on the shares. The firm updated its 1Q revenue/EBITDAR estimates to $986m/$326m, which reflects a +1.2%/+0.6% increase versus previous estimates as they lowered Locals but raised regionals. Also, with a more bearish intermediate-term outlook on the consumer, they lowered their 2Q/3Q revenue estimates in Locals by 200 bps and 100 bps regionally, in anticipation of its exposure to states most likely to be impacted from tariffs.
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