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BYD - Boyd Gaming News Story

$65.74 -1.0  -1.5%

Last Trade - 5:25pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £5.38bn
Enterprise Value £7.81bn
Revenue £1.62bn
Position in Universe 1117th / 6849

BUZZ-U.S. casinos gain as MS upgrades MGM, Ceasars

Mon 5th April, 2021 2:00pm
** Shares of U.S. casino operators up between 2% and 4.5%
premarket
    ** Brokerage Morgan Stanley raises rating on Caesars
Entertainment Inc  CZR.O  and MGM Resorts International  MGM.N 
to "overweight"
    ** Brokerage raises PT on CZR to $113 from $92 and on MGM by
$11 to $45; CZR set for a fourth consecutive session of gains
    ** Both cos now realize importance of being successful in
this business, and are willing to spend whatever it takes -
Morgan Stanley
    ** Shares of CZR up 4.1% at $92.59, whereas MGM rises 2.4%
to $40.69 premarket
    ** Brokerage, which also hikes PTs on Boyd Gaming Corp
 BYD.N  and Wynn Resorts Ltd  WYNN.O , says market is in midst
of a fast, strong recovery, with especially positive booking
trends
    ** Adds market is back to running at ~95% occupancy on
weekends, with operators able to push room rates higher
    ** Shares of BYD up 3% at $62.01 premarket, while WYNN rises
2% to $130.75 
    
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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