MGM Resorts shares are trading higher after HSBC initiated coverage on the stock with a Buy rating and $49 price target.
Portfolio Pulse from Benzinga Newsdesk
HSBC has initiated coverage on MGM Resorts with a Buy rating and a price target of $49. This has led to a rise in MGM Resorts' shares.

October 23, 2023 | 3:21 pm
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POSITIVE IMPACT
HSBC's Buy rating and $49 price target for MGM Resorts has resulted in an increase in the company's share price.
Analyst ratings often have a significant impact on a company's stock price. In this case, HSBC's positive rating and high price target for MGM Resorts have led to an increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100