MGM Resorts International shares are trading higher after Mizuho initiated coverage on the stock with a Buy rating and a price target of $61.
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International's stock is trading higher following a Buy rating initiation and a $61 price target from Mizuho.
March 26, 2024 | 2:29 pm
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POSITIVE IMPACT
MGM Resorts International's stock is expected to experience a positive short-term impact due to Mizuho's Buy rating and $61 price target.
Analyst ratings, especially from reputable firms like Mizuho, can significantly influence investor sentiment and stock prices. The initiation of coverage with a Buy rating and a high price target suggests a strong bullish outlook for MGM Resorts International, likely leading to increased investor interest and a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100