MGM Resorts price target raised to $57 from $54 at Truist

Truist raised the firm’s price target on MGM Resorts to $57 from $54 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Gaming. The analyst’s recent field trips to Houston and the Gulf Coast indicate favorable trends in Tech and overall stability from the REITs, suggesting that the quarter should largely see beats, the firm tells investors in a research note. Truist adds that the Gaming sector continues to prove its staple-like resiliency and support its positive sector outlook.