Boy Gaming gained 6.9% to $10.40.
The firm raised its price target for the company to $11.35 from $10.40. The upgrade is due to the company's efforts to cut costs and possible better results in Las Vegas.
Analyst Jake Fuller wrote, "Key planks to the bull case include: (1) debt reduction has driven a notable improvement in free cash flow through interest savings; (2) easier regional comps and signs of life in Vegas point to EBITDA growth in 2014; (3) bad luck and weather hit Borgata in 4Q, but property tax savings, reduced market capacity, and online gaming should yield a better 2014; and (4) the risk-reward is skewing to the positive on the recent sell-off."
Separately, TheStreet Ratings team rates BOYD GAMING CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOYD GAMING CORP (BYD) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."