MGM Resorts price target raised to $60 from $50 at Susquehanna

Susquehanna raised the firm’s price target on MGM Resorts (MGM) to $60 from $50 and keeps a Positive rating on the shares. The firm said shraes are higher due to improving tariff sentiment but also from company-specific value sources such as Macau and newer market value attribution from BetMGM. These favorable tailwinds have offset softer Las Vegas trends from lower visitation as various management comments suggest explicit weakness in destination markets like Las Vegas.