“Not-so-buried Treasure,” said Truist Securities analyst Barry Jonas about Boyd Gaming, in a playful allusion to its new Treasure Chest casino, which has been steadily outperforming the New Orleans market. Even so, he kept his price target at $77/share but rated the stock a “Buy.” Big deals were deemed unlikely, Penn Entertainment takeover talk having long since gone off the boil. Boyd beat Wall Street estimates across all divisions, delivering net revenue of $961 million and cash flow of $337 million.
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