Susquehanna Upgrades MGM Resorts Intl to Positive, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Joseph Stauff upgrades MGM Resorts Intl (NYSE:MGM) from Neutral to Positive and raises the price target from $46 to $54.
May 02, 2024 | 12:21 pm
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POSITIVE IMPACT
Susquehanna upgraded MGM Resorts International to Positive from Neutral and increased the price target to $54 from $46.
Upgrades by analysts, especially from neutral to positive, along with a significant increase in price target, are strong indicators of expected stock performance improvement. This upgrade reflects Susquehanna's increased confidence in MGM's future prospects, likely due to operational improvements, market position, or financial health. Such endorsements often lead to positive investor sentiment and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100