Barclays Maintains Overweight on MGM Resorts Intl, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour maintains an Overweight rating on MGM Resorts Intl but lowers the price target from $54 to $50.
October 31, 2024 | 6:23 pm
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Barclays has maintained its Overweight rating on MGM Resorts Intl but has lowered the price target from $54 to $50, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in MGM's performance, but the lowered price target indicates a tempered outlook, which could lead to a slight negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100