Susquehanna upgrades Boyd Gaming to Buy on discounted shares

Susquehanna analyst Joseph Stauff upgraded Boyd Gaming (BYD) to Buy from Hold with a price target of $77, down from $79. The firm says Boyd is a “great” land-based operator that is trading at a discount. Susquehanna’s lowered estimates suggest Boyd is trading at an “attractive discount,” the analyst tells investors in a research note. The firm reduced estimates to account for worse weather and some fears of recession, but thinks the shares “are now an actionable long.”