tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Boyd Gaming price target raised to $87 from $76 at Stifel

Stifel raised the firm’s price target on Boyd Gaming (BYD) to $87 from $76 and keeps a Hold rating on the shares. Boyd is selling their 5% equity interest in FanDuel Group to Flutter Entertainment (FLUT) for $1.755B in cash, a deal that comes quicker than expected, the analyst tells investors in a research note. Boyd and FanDuel will also terminate certain existing market-access agreements and enter into new agreements that will run through 2038, and these agreements will provide Boyd with a fixed fee per state fom FanDuel’s mobile sports betting operations as well as FanDuel’s online casino operations in Pennsylvania.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1