On Oct 31, major Wall Street analysts update their ratings for $MGM Resorts International (MGM.US)$, with price targets ranging from $42 to $54.
Morgan Stanley analyst Stephen Grambling maintains with a hold rating, and maintains the target price at $44.
BofA Securities analyst Shaun Kelley maintains with a hold rating, and maintains the target price at $42.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $54 to $50.
Truist Financial analyst Barry Jonas maintains with a buy rating, and adjusts the target price from $56 to $54.
JMP Securities analyst Jordan Bender maintains with a buy rating, and adjusts the target price from $56 to $54.
Furthermore, according to the comprehensive report, the opinions of $MGM Resorts International (MGM.US)$'s main analysts recently are as follows:
The volatility seen in Las Vegas gaming coupled with a significant margin miss in Macau contributed to a challenging third quarter for MGM Resorts.
MGM Resorts' third quarter is expected to be perceived as underwhelming, mainly due to subdued performance in Las Vegas. It is anticipated that the company will encounter several challenges in the Vegas market, which are likely to prompt a revision of Street estimates.
Here are the latest investment ratings and price targets for $MGM Resorts International (MGM.US)$ from 5 analysts:
Note:
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