BofA analyst Shaun Kelley lowered the firm’s price target on MGM Resorts (MGM) to $37.50 from $42 and keeps a Neutral rating on the shares. The firm, which notes that its regional casino operator EBITDA estimates are slightly above the Street view, lowered its target to reflect the market re-rating on gaming operators.
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Read More on MGM:
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- Truist says Maryland proposing higher tax rates negative for gaming stocks
- MGM Resorts price target lowered to $50 from $54 at Truist
- MGM Resorts price target lowered to $39 from $42 at Morgan Stanley