MGM shares are trading lower after the company reported Q2 financial results. Additionally, Barclays maintained an Overweight rating on the stock and lowered its price target from $64 to $62.
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International reported Q2 financial results, which led to a decrease in its stock price. Barclays maintained an Overweight rating on the stock but lowered its price target from $64 to $62.
August 04, 2023 | 1:39 pm
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MGM's Q2 financial results have led to a decrease in its stock price. Despite this, Barclays has maintained an Overweight rating on the stock, albeit with a lowered price target.
MGM's Q2 financial results were not well received by the market, leading to a decrease in its stock price. Barclays' decision to maintain an Overweight rating indicates a positive long-term outlook, but the lowered price target suggests a more cautious short-term view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100