Truist analyst Barry Jonas raised the firm’s price target on MGM Resorts (MGM) to $42 from $39 and keeps a Hold rating on the shares. The company reported a slight Q1 miss in Macau while insurance one-timers hit the Regionals and limited the Strip upside, the analyst tells investors in a research note. The firm adds, however, that it continues to view MGM as well positioned to capitalize on the sustainable Strip inflection.
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