MGM Resorts price target raised to $43 from $42 at Morgan Stanley

Morgan Stanley raised the firm’s price target on MGM Resorts to $43 from $42 and keeps an Equal Weight rating on the shares in conjunction with the firm’s Q4 preview for the gaming group, citing a slight Macau estimate increase. After mixed performance last year, most gaming stocks have underperformed year-to-date as domestic data outside of Las Vegas Strip RevPAR remains “choppy” and as concerns linger over the resilience of consumer spending, the analyst noted.