Investing.com – Mizuho cut its price target to $96 from $99, maintaining an outperform rating. The stock is currently trading at $89.15, near its 52-week high of $89.96, although InvestingPro data suggests the company is slightly undervalued with a fair value of $105.66.
The company reported EBITDA of $317 million, compared to Mizuho’s estimate of $316 million. Corporate expenses were about $6 million higher due to one-time items, which would have resulted in a stronger loss.
The firm noted that the stock trades on Las Vegas sentiment, and the recovery story has weakened in the near term. Disruption in the Suncoast and continued weakness of the destination is expected to affect the second half of the year.
Mizuho expects overall street numbers to be unchanged, but second-half estimates for Las Vegas will decline, offset by regional strength. This will affect sentiment on the stock, the firm said. Notably, 4 analysts have revised their earnings estimates downward for the upcoming period, according to InvestingPro Tips, which offers 10 additional exclusive insights for BYD investors.
The analyst noted that from the perspective of locals, expectations for improvement in Las Vegas now seem to be a 2027 story rather than sooner.
In other recent news, Boyd Gaming The corporation reported its first quarter 2026 earnings, with earnings per share (EPS) of $1.60, which fell short of forecasts of $1.71. The company’s revenue also fell slightly short of expectations, coming in at $997.4 million, compared to expectations of $998.82 million. The results reflect a difficult period for Boyd Gaming, particularly in its Las Vegas and downtown markets. Stifel, an analyst firm, responded to the developments by lowering its price target for Boyd Gaming to $91 from $95, while maintaining a hold rating. Stifel expressed concern over the company’s Las Vegas operations, though he noted that Boyd Gaming’s Midwest and South gaming assets performed solidly. These recent developments highlight the company’s mixed performance in various areas. Boyd Gaming’s financial results and analyst responses provide insight into the company’s current position in the market.
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