Boyd Gaming price target raised to $90 from $87 at Stifel

Stifel analyst Steven Wieczynski raised the firm’s price target on Boyd Gaming (BYD) to $90 from $87 and keeps a Hold rating on the shares. Core operations performed better than the firm was expecting while the company “made it well known” they are going to use the bulk of their FanDuel proceeds to reduce debt, capital returns, and/or growth opportunities and “they pretty much indicated” they wouldn’t be interested in large-scale M&A right now, says the analyst, who would expect a positive response to the report and management’s commentary.