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Fly News Breaks for June 1, 2015
BYD
Jun 1, 2015 | 06:47 EDT
As previously reported, Credit Suisse upgraded Boyd Gaming (BYD) to Outperform from Neutral. The firm upgraded shares following management meetings and came away with increased optimism for a recovery in Las Vegas locals market and stability in Atlantic City, reduced leverage from free-cash-flow generation, and potential scarcity value from a resolution related to Gaming and Leisure Properties' (GLPI) pursuit of Pinnacle (PNK). The firm raised Boyd Gaming's price target to $18 from $17 on shares.
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