Boyd Gaming: Strength Hiding Behind Las Vegas Weakness

Boyd Gaming Corporation reported another double miss in Q2. BYD still showed strength in regional operations, driven by strong customer trends and capital investments in existing properties. Weak results in Las Vegas continue to weigh on BYD's overall earnings performance. Disruption at The Suncoast is coming to an end soon, though. I estimate BYD stock to have 35% upside to $116.1.

Boyd Gaming Corporation (BYD) reported the company’s Q2 results on the 23rd of July. The casino operator showed strong earnings in its regional properties, but weakness in Las Vegas continues to weigh on BYD's overall earnings performance. Disruption at The Suncoast is coming to an end soon, though. I estimate BYD stock to have 35% upside to $116.1.