Boyd Gaming (BYD) News Today

Boyd Gaming Corporation (NYSE: BYD) shares are moving on news of its sale of the remaining FanDuel stake and a series of analyst price-target changes. Investors are weighing the cash infusion and cost-saving agreements against questions about future growth.

• Positive Sentiment: Boyd Gaming agreed to sell its remaining 5% equity interest in FanDuel to Flutter Entertainment for $1.76 billion, unlocking significant unrealized value and extending market-access agreements through 2038. Boyd Gaming to Sell FanDuel Interest for $1.755 Billion
• Positive Sentiment: Stifel Nicolaus lifted its price target on BYD shares from $76.00 to $87.00 (hold rating), implying about 9.1% upside. Stifel Nicolaus Raises Target to $87
• Positive Sentiment: Morgan Stanley boosted its price objective from $76.00 to $80.00 with an “equal weight” rating, citing the sale proceeds and longer-term partnership benefits. Morgan Stanley Upgrades Price Objective
• Neutral Sentiment: J.P. Morgan maintained a hold rating, highlighting balanced pros and cons of debt reduction versus potential earnings uncertainty post-sale. J.P. Morgan Neutral on Stake Sale
• Neutral Sentiment: Analysts at Benzinga and others also noted Stifel’s price-target boost but maintained non-buy ratings, reflecting cautious optimism without a clear upgrade. Benzinga Report
• Negative Sentiment: Susquehanna downgraded Boyd Gaming from positive to neutral (despite raising its target to $86.00), signaling limited further upside beyond the one-time sale benefit. Susquehanna Downgrades to Neutral
• Negative Sentiment: BYD shares dipped as investors booked profits following the FanDuel sale announcement and parsed mixed analyst views on long-term growth. BYD Stock Trades Down, Here Is Why