Analyst Rating Update on MGM Resorts International (MGM)

MGM Resorts International (MGM) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 14 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

MGM Resorts International (MGM) stock is expected to deviate a maximum of $1.14 from the average target price of $29.2 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $31 and the most muted being $27.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of MGM Resorts International (NYSE:MGM). UBS has a Buy rating on the shares. As per the latest report, the brokerage house lowers the price target to $29 per share. The rating by the firm was issued on June 20, 2016.


MGM Resorts International (NYSE:MGM): The stock opened at $23.62 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.80 for the day. The stock traded down to $23.47 during the day, due to lack of any buying support eventually closed down at $23.78 with a loss of -0.08% for the day. The stock had closed at $23.80 on the previous day. The total traded volume was 6,063,302 shares.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segments operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai, Macau. It owns and operates two resorts in Mississippi, which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi.

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