Citi raised the firm’s price target on MGM Resorts to $68 from $66.50 and keeps a Buy rating on the shares. The analyst says MGM management provided “some exciting comments” on the earnings call. Super Bowl LVIII drove volumes across the board and in Macau, the strong momentum continued into January with its market share topping 20%, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MGM:
- MGM Resorts Stock (NYSE:MGM): Website Traffic Pointed at Upbeat Q4 Print
- MGM Resorts Updates Material Agreements and Financial Obligations
- MGM RESORTS INTERNATIONAL REPORTS RECORD FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- Options Volatility and Implied Earnings Moves Today, February 13, 2024
- Is MGM a Buy, Before Earnings?
