$BYD

Mizuho reduced its price target on Boyd Gaming (NYSE:BYD) to $102 from $104, citing weaker Downtown segment performance. The firm lowered its Q3 2026 EBITDAR estimate to $335M from $342M. Boyd's stock trades at $70.41, below Mizuho's target and InvestingPro's Fair Value of $85.13. Boyd's Q2 earnings beat estimates, but revenue missed slightly.

Analysts made several calls on Tuesday, including Goldman Sachs lowering Netflix's price target but maintaining a buy rating, Wells Fargo upgrading Cleveland-Cliffs, and Mizuho raising AMD's price target to $705. Other notable moves include upgrades for Skyworks Solutions, Dollar General, and Prosperity Bancshares, while new coverage was initiated on companies like AvePoint, Pasqal Holdings, and Standard Nuclear.

Deutsche Bank upgraded Boyd Gaming (BYD) to Buy with a $99 target, NeoGenomics (NEO) to Buy with a $28 target, and PENN Entertainment (PENN) to Buy with a $25 target. BTIG upgraded NeoGenomics (NEO) to Buy and XP Inc (XP) to Outperform with a $27 target. Cantor Fitzgerald upgraded Rezolute (RZLT) to Overweight. All stocks closed lower than their new targets on Monday.

Wall Street analysts issued research calls on several companies, including upgrades for BorgWarner (BWA), Boyd Gaming (BYD), JetBlue (JBLU), Procter & Gamble (PG), and XP (XP), and downgrades for Gentex (GNTX), Goosehead Insurance (GSHD), Nike (NKE), PTC (PTC), and RXO (RXO). New coverage was initiated for Lattice Semiconductor (LSCC), Lockheed Martin (LMT), Northrop Grumman (NOC), Neurocrine Biosciences (NBIX), and SPX Technologies (SPXC).

Deutsche Bank upgraded Penn Entertainment (PENN) and Boyd Gaming (BYD) to 'buy' due to improving gaming demand outlook, citing August's weak revenue as a calendar effect. It raised price targets to $25 (66% upside) for Penn and $99 (47% upside) for Boyd. Both stocks have fallen significantly over the past three months. Deutsche expects sector fundamentals to improve, with Penn's EBITDAR estimates above consensus and Boyd's share repurchases supporting its outlook.

A U.S. appeals court ruled that states can regulate event contracts under gambling laws, impacting companies like Kalshi and Boyd Gaming Corp (NYSE: BYD). BYD is deemed modestly undervalued with a GF Value of $91.70 vs. current price of $71.23, and has a GF Score of 86/100. Insiders sold $26.4M in shares over the past year.

Boyd Gaming sold a 29.5-acre Las Vegas property for $28.8M, a loss from its 2025 purchase price of $45M. Lennar Corp. plans to build 279 homes on the former casino site. MGM Resorts has also sold Las Vegas Strip land as part of its 'asset-light' strategy.

BYD Sime Motors launched the 2026 BYD Atto 3 Performance in Malaysia, priced at RM149,800. The AWD electric SUV offers 449PS and 560Nm, accelerating from 0-100 km/h in 4.0 seconds. Only 69 units will be sold, commemorating Malaysia's 69th Merdeka. The vehicle features a 74.88kWh battery with a 530 km range and includes a heads-up display and built-in refrigerator. BYD offers launch packages with a wall charger or service package.

Boyd Gaming sold the former Eastside Cannery site for $28.8M, below its $45M purchase price. Clark County approved Lennar's plans for a 279-lot residential subdivision. The buyer, a New York investment firm, granted Lennar an option to acquire the property.

BYD plans to launch the 'Great Seagull,' a larger, more powerful variant of its Seagull EV, by the end of 2026. The new model will feature advanced tech like Blade Battery 2.0 and Flash Charging. It will compete with EVs like the Volkswagen ID. 3 Neo and Renault Megane, with an expected price under €30,000 in Europe. The Seagull, sold as Dolphin Surf/Mini overseas, was the sixth best-selling EV globally in H1 2026, with over 27,500 units sold.