Shares of Boyd Gaming (BYD) Moving Higher Following Morgan Stanley Upgrade

May 4, 2011 9:11 AM EDT
Get Alerts BYD Hot Sheet
Price: $87.90 -0.09%

Rating Summary:
    19 Buy, 18 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 2
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An analyst at Morgan Stanley upgraded shares of Boyd Gaming (NYSE: BYD) from Underweight to Equalweight Wednesday morning. The firm's price target moves from $7 to $9.

Boyd shares are trading about 1.8 percent higher in pre-market action. With the stock last trading at $9.66, Morgan Stanley's new price target suggests potential downside of about 7 percent.

The stock will likely be volatile Wednesday as Las Vegas Sands and MGM Resorts both reported quarterly results earlier.

For more ratings news on Boyd Gaming click here and for the rating history of Boyd Gaming click here.


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