Boyd Gaming price target raised to $85 from $81 at Raymond James

Raymond James raised the firm’s price target on Boyd Gaming (BYD) to $85 from $81 and keeps an Outperform rating on the shares. Boyd is in an “enviable” position within gaming, with stable retail operations with margins holding, low leverage, returning capital to shareholders, and strong ROIs on capital investment, the analyst tells investors in a research note. The company’s 5% stake in FanDuel continues to grow in value, providing additional upside, the firm says.