Home Stock Ideas Long Ideas Consumer  Summary Boyd Gaming (BYD) remains a long-term 'Buy' despite a double miss in Q1 and CBRE's 'take profits' call. Midwest & South segment strength offsets softness in Las Vegas Locals and Downtown, with regional diversification providing downside protection. Upcoming catalysts—property renovations, Norfolk opening, and potential M&A—support a base-case price target of $109, implying ~30% total return. Valuation concerns are overstated; BYD trades below peers, and EBITDA margin normalization plus buybacks underpin the bullish thesis. Anton Skripachev/iStock via Getty Images Yesterday was one of those days. Up early, decent breakfast, quick lift. Nothing out of the ordinary. Then I opened my laptop and saw CBRE Group advising to ‘take profits’ on Boyd Gaming ( Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.…