JMP Securities Maintains Market Outperform on MGM Resorts Intl, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on MGM Resorts International but has slightly lowered the price target from $57 to $56.
October 14, 2024 | 11:45 am
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NEUTRAL IMPACT
JMP Securities has maintained a Market Outperform rating on MGM Resorts International, indicating continued confidence in the stock's performance. However, the price target has been slightly reduced from $57 to $56, suggesting a minor adjustment in expected valuation.
The maintenance of a Market Outperform rating suggests that the analyst still sees positive potential in MGM's stock. The slight reduction in the price target from $57 to $56 indicates a minor adjustment in expectations, which may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100