MGM Resorts price target raised to $58 from $57 at Truist

Truist raised the firm’s price target on MGM Resorts to $58 from $57 and keeps a Buy rating on the shares. The company reported a "strong" Q1, reflecting expectations of a favorable Strip event calendar, strong regional data and a "sizable momentum" in Macau, the analyst tells investors in a research note. Truist adds that it sees continued upside to estimates while valuation remains undemanding.