MGM Resorts price target raised to $50 from $45 at Susquehanna

Susquehanna raised the firm’s price target on MGM Resorts (MGM) to $50 from $45 and keeps a Positive rating on the shares. The firm thinks it’s becoming clear to the market that MGM has notable advantages in Las Vegas that is likely to help it manage through any macro headwinds given its superior room product, tools it has to source demand through both Marriott (MAR) and budding BetMGM channels, and its $200m annual revenue/cost program.