MGM Resorts price target raised to $50 from $48 at Citi

Citi raised the firm’s price target on MGM Resorts (MGM) to $50 from $48 and keeps a Buy rating on the shares following the in-line Q4 report. Management is upbeat about its January performance at Las Vegas, having set a few records in various key performance indicators, the analyst tells investors in a research note. The firm says that while MGM’s $65M EBITDA headwind in February due to the Super Bowl a year ago is significant, it remains positive for the remainder of the year.