JPMorgan raised the firm’s price target on MGM Resorts (MGM) to $42 from $41 and keeps a Neutral rating on the shares. The firm adjusted targets in the gaming group as part of a Q1 preview. The firm says the sector “remains choppy,” with tax refund upside “clouded” by weakening consumer sentiment and higher fuel prices. JPMorgan’s top ideas into earnings are MGM, Wynn and Las Vegas Sands.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- MGM Resorts price target lowered to $30 from $31 at Wells Fargo
- Ohio lawmaker introduces bill to increase gambling taxes, News 5’s Trau reports
- MGM Resorts’ BetMGM reports Q1 net revenue $696M, up 6% y/y
- MGM Resorts price target lowered to $39 from $40 at UBS
- MGM Resorts price target raised to $35 from $34 at Morgan Stanley