Truist raised the firm’s price target on MGM Resorts (MGM) to $50 from $45 and keeps a Buy rating on the shares. Gaming has mostly recovered from tariff noise in Q1, with companies not yet pointing to any signs of consumer softness, the analyst tells investors in a research note. Regionals, Locals and Digital look positive, though Vegas appears to be in a choppy summer, the firm adds.
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 $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
- MGM Resorts price target raised to $57 from $55 at Citi