Goldman Sachs analyst Lizzie Dove raised the firm’s price target on MGM Resorts (MGM) to $38 from $34 and keeps a Sell rating on the shares. MGM Resorts showed improving Las Vegas operating trends, with underlying stability in demand and a clearer path toward adjusted EBITDAR growth supported by easing one-time headwinds and easier year-over-year comparisons, the analyst tells investors in a research note.
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