Boyd Gaming price target raised to $70 from $67 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Boyd Gaming to $70 from $67 and keeps an Equal Weight rating on the shares. Overall Gaming results broadly have been better than consensus expectations on robust trends across most sub-segments, coupled with better than feared Regional results, the firm says. The price target increase reflects Boyd’s “solid” results across all of its core segments, the analyst tells investors in a research note.