Citi analyst George Choi raised the firm’s price target on MGM Resorts (MGM) to $57 from $55 and keeps a Buy rating on the shares. The firm increased price targets across its Macau coverage by an average of 9%. Macau’s 8% gross gaming revenue growth in Q2 could drive 3% year-over-year industry EBITDA growth, the analyst tells investors in a research note.
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