Citizens JMP analyst Jordan Bender lowered the firm’s price target on MGM Resorts (MGM) to $45 from $50 and keeps an Outperform rating on the shares. Underlying fundamentals across brick-and-mortar casinos currently appear stable, but the firm is cutting estimates and price targets across the group in the face of uncertainty, the analyst tells investors.
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- MGM Resorts price target lowered to $35 from $42.50 at BofA
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