On Nov 01, major Wall Street analysts update their ratings for $MGM Resorts International (MGM.US)$, with price targets ranging from $42 to $56.
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.
Citi analyst George Choi maintains with a buy rating, and adjusts the target price from $66 to $55.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $54 to $50.
Jefferies analyst David Katz maintains with a buy rating, and adjusts the target price from $51 to $52.
Furthermore, according to the comprehensive report, the opinions of $MGM Resorts International (MGM.US)$'s main analysts recently are as follows:
Following the Q3 report, there has been a recognition of volatility in Las Vegas gaming and a considerable margin miss in Macau, which contributed to a challenging third quarter.
The company's third quarter is expected to be seen as below expectations, mainly due to less favorable outcomes from Las Vegas operations. It is anticipated that MGM will encounter several challenges in Vegas that could lead to a reduction in Street estimates.
Here are the latest investment ratings and price targets for $MGM Resorts International (MGM.US)$ from 10 analysts:
Note:
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