Credit Suisse analyst Benjamin Chaiken raised the firm’s price target on MGM Resorts to $75 from $68 and keeps an Outperform rating on the shares following quarterly results. The firm notes MGM reported Vegas EBITDA of $836M better than Street’s $783M, with both topline and margins better-than-expected. Macau results were also better-than-expected, with MGM taking share relative to 2019, which should drive street estimates higher, Credit Suisse adds.
Published first on TheFly
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