Wells Fargo initiated coverage of MGM Resorts (MGM) with an Underweight rating and $29 price target The firm believes gaming investors “anchor” to free cash flow and thinks upside for MGM “appears limited” given ramping capital outflow, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- MGM Resorts price target lowered to $37 from $39 at UBS
- Cboe plans predictions market offering without sports products, Bloomberg says
- MGM Resorts says MGM Grand completes $300M room, suite remodel
- Macau reports October casino revenue up 15.9% to 24.09B patacas
- MGM Resorts’ Earnings Call: Mixed Signals Amid Strategic Moves