tiprankstipranks

MGM Resorts price target lowered to $45 from $50 at Citizens JMP

Citizens JMP analyst Jordan Bender lowered the firm’s price target on MGM Resorts (MGM) to $45 from $50 and keeps an Outperform rating on the shares. Underlying fundamentals across brick-and-mortar casinos currently appear stable, but the firm is cutting estimates and price targets across the group in the face of uncertainty, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue