MGM Resorts price target lowered to $41 from $47 at Barclays

Barclays lowered the firm’s price target on MGM Resorts (MGM) to $41 from $47 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the lodging C-corps. Lodging outlooks are “poised to move lower” amid “accumulating headwinds, the analyst tells investors in a research note. Barclays cutting RevPAR estimates across the board, but says “resilient” fee models should keep profitability “robust.”