JMP Securities Reiterates Market Outperform on MGM Resorts Intl, Maintains $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jordan Bender has reiterated a 'Market Outperform' rating on MGM Resorts International (MGM) and maintained a price target of $57. This reaffirmation of confidence in MGM's stock performance suggests a positive outlook on the company's future market behavior.
February 14, 2024 | 6:22 pm
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POSITIVE IMPACT
JMP Securities analyst Jordan Bender reaffirms a 'Market Outperform' rating on MGM Resorts International, with a steady price target of $57, indicating a positive outlook on the stock.
The reiteration of a 'Market Outperform' rating and the maintenance of a $57 price target by a reputable analyst like Jordan Bender from JMP Securities can significantly influence investor sentiment and potentially lead to a positive short-term price movement for MGM Resorts International. This analysis is based on the assumption that market participants often look to analyst ratings and price targets as indicators of a stock's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100