Barclays downgraded MGM Resorts (MGM) to Equal Weight from Overweight with a price target of $38, down from $42. The firm expects 2026 to be “another idiosyncratic year” for the gaming, lodging and leisure space. It is positive on digital gaming, cruise and regional gaming, neutral on lodging, and negative on Las Vegas heading into next year. Barclays adjusted ratings in the group as part of a 2026 outlook.
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