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Analysts’ Top Services Picks: MGM Resorts (MGM), Bright Horizons (BFAM)

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on MGM Resorts (MGMResearch Report) and Bright Horizons (BFAMResearch Report) with bullish sentiments.

MGM Resorts (MGM)

Jefferies analyst David Katz reiterated a Buy rating on MGM Resorts today and set a price target of $56.00. The company’s shares closed last Wednesday at $34.20.

According to TipRanks.com, Katz is a 4-star analyst with an average return of 6.8% and a 44.2% success rate. Katz covers the Services sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Madison Square Garden Entertainment, and International Game Technology.

Currently, the analyst consensus on MGM Resorts is a Moderate Buy with an average price target of $49.13, which is a 47.5% upside from current levels. In a report released today, Wells Fargo also maintained a Buy rating on the stock with a $58.00 price target.

See today’s best-performing stocks on TipRanks >>

Bright Horizons (BFAM)

Jefferies analyst Hamzah Mazari maintained a Buy rating on Bright Horizons yesterday and set a price target of $117.00. The company’s shares closed last Wednesday at $82.42, close to its 52-week low of $71.38.

According to TipRanks.com, Mazari is a 4-star analyst with an average return of 5.6% and a 57.8% success rate. Mazari covers the Services sector, focusing on stocks such as HireRight Holdings Corp, Waste Connections, and Republic Services.

Currently, the analyst consensus on Bright Horizons is a Moderate Buy with an average price target of $102.63, which is a 14.3% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $83.00 price target.

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