Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on MGM Resorts Intl (NYSE:MGM) but lowered the price target from $46 to $45.
September 12, 2023 | 12:57 pm
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Morgan Stanley has maintained an Equal-Weight rating on MGM Resorts but lowered the price target from $46 to $45.
The news is directly related to MGM Resorts as the company's stock has been rated by Morgan Stanley. The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained Equal-Weight rating suggests that the analyst still sees the stock as fairly valued. This could lead to neutral or slightly negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100