Barclays raised the firm’s price target on MGM Resorts (MGM) to $44 from $43 and keeps an Overweight rating on the shares as part of a Q2 preview for the gaming space. The firm sees the regionals, digital and Macau names beating estimates, partially offset by misses in Las Vegas. The group has rallied but is not overbought, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 raised to $50 from $45 at Truist
- MGM Resorts price target raised to $38 from $37 at Morgan Stanley
- MGM Resorts price target raised to $48 from $44 at Stifel
- WYNN, CZR, or MGM: Which Casino Stock Deserves a Throw of the Dice?
- Bellagio, Major Food Group announces debut of CARBONE Riviera this fall