Morgan Stanley analyst Stephen Grambling raised the firm’s price target on MGM Resorts (MGM) to $41 from $39 and keeps an Equal Weight rating on the shares. Following the first two weeks of Q4 earnings from the North American casino gaming group, the firm says Vegas commentary was better to start 2025, regional trends were called out as “stable” following a recovery after the post-election lull and that digital trends are “off to solid start across hold and handle in 2025.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- MGM Resorts (MGM) Says U.S.-Canada Hockey Game Drew Record Betting Action
- MGM Resorts put volume heavy and directionally bearish
- Sector Spotlight: Sports betting operators shine as $1.39B wagered on Super Bowl
- AMD downgraded, Roku upgraded: Wall Street’s top analyst calls
- Wynn Resorts price target raised to $128 from $123 at Stifel