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Stock Market & Financial Investment News

News Breaks
March 11, 2014
13:10 EDTPENN, BYDBoyd shares could be worth $18-$25 in REIT deal, says FBR Capital
FBR Capital estimates Boyd Gaming (BYD) shares could be worth between $18-$25 should the company spin off its real estate assets into a REIT structure. FBR believes the timeline for such a deal should be much shorter than it was for Penn National (PENN). Shares of Boyd after trading higher today after activist Elliott Associates disclosed a stake. FBR has an Outperform rating on the stock with a $13 price target.
News For BYD;PENN From The Last 14 Days
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July 2, 2015
08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
June 30, 2015
09:03 EDTBYDBoyd Gaming announecs expansion of Delta Downs racetrack casino hotel
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June 26, 2015
09:32 EDTBYD, PENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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