Citigroup cut shares of MGM Resorts (NYSE: MGM) to a neutral rating in a research report sent to investors on Tuesday morning.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of MGM Resorts from a sector perform rating to an outperform rating in a research note to investors on Tuesday. They now have a $16.00 price target on the stock, up previously from $13.00. Separately, analysts at Brean Murray reiterated a buy rating on shares of MGM Resorts in a research note to investors on Tuesday, January 29th. They now have a $60.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of MGM Resorts from a buy rating to a hold rating in a research note to investors on Tuesday, January 29th. They now have a $13.00 price target on the stock.
Thirteen equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and thirteen have issued a hold rating to the company. MGM Resorts has an average rating of overweight and a consensus target price of $14.22.
MGM Resorts traded down 1.36% on Tuesday, hitting $12.37. MGM Resorts has a 52-week low of $8.83 and a 52-week high of $14.80. The stock’s 50-day moving average is currently $12.89. The company’s market cap is $6.051 billion.
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