** Shares of casino operator Boyd Gaming drop 11.9% to $55.40 premarket
** Co's Q1 adj. EPS of $1.51 misses analysts' estimates of $1.57 - LSEG data
** Q1 revenue, however, comes in above estimates
** J.P.Morgan downgrades BYD to "neutral" from "overweight" on concerns of bad weather and market competition pressuring casino visits from lower-spending gaming customers
** Deutsche Bank also downgrades stock to "hold" from "buy"
** Six brokerages separately cut their price targets on BYD
** Six brokerages have a "buy" or higher rating on co, while nine maintain "sell"; median price at $73.50 - LSEG data
** Stock fell 16.8% in 2023, and has recovered 14.8% so far this year
(Reporting by Purvi Agarwal in Bengaluru)
((Purvi.Agarwal@thomsonreuters.com))
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