Seaport Research downgraded MGM Resorts (MGM) to Neutral from Buy. Q2 results for Macau should not have many surprises on what had turned into a bettter than expected quarter, the analyst tells investors in a research note. The firm added that investors are likely to be focused on the second half and to try to get comfort with the potential higher growth that Macau ahs experienced recently. Concerns around China macro andd the U.S. gaming slowdown remain headwinds, the analyst adds.
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