MGM Resorts price target raised to $53 from $49 at Deutsche Bank

Deutsche Bank analyst Carlo Santarelli raised the firm’s price target on MGM Resorts to $53 from $49 and keeps a Buy rating on the shares. After strong Las Vegas strip gaming / revenue per available room metrics for Q4 and strong peer reports over the past few weeks, expectation’s for MGM Resorts’ strip performance were elevated and the company "easily surpassed the elevated bar," the analyst tells investors.