Truist Securities Maintains Buy on MGM Resorts Intl, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on MGM Resorts International but has lowered the price target from $58 to $56.
October 23, 2024 | 2:00 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on MGM Resorts International, indicating continued confidence in the stock. However, the price target has been slightly reduced from $58 to $56, suggesting a more cautious outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in MGM's stock. However, the reduction in the price target indicates a slightly more conservative view on the stock's future performance. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100