MGM Resorts price target lowered to $47 from $50 at Stifel

Stifel lowered the firm’s price target on MGM Resorts (MGM) to $47 from $50 and keeps a Buy rating on the shares. 2026 consensus “remains too high,” but the firm believes current buyside expectations are more in line with its revised estimates and contends that MGM is “ready to break out from this lower-$30ish range.”