Barclays lowered the firm’s price target on MGM Resorts to $54 from $56 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the gaming space. Macau hopes are high, while expectations for Las Vegas Strip and Locals have come in, the analyst tells investor sin a research note. The firm says regionals trends “remain muted,” with weather an additional headwind.
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 lowered to $56 from $57 at JMP Securities
- Bet On It: UK officials mull tax increases on online casinos and bookmakers
- Early notable gainers among liquid option names on October 7th
- Bet On It: Light & Wonder issues update on Dragon Train injunction compliance
- MGM Resorts call volume above normal and directionally bullish
Questions or Comments about the article? Write to editor@tipranks.com