Barclays analyst Brandt Montour maintains $MGM Resorts International (MGM.US)$ with a buy rating, and adjusts the target price from $56 to $54.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 11.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MGM Resorts International (MGM.US)$'s main analysts recently are as follows:
Expectations for the performance of MGM Resorts have been adjusted in anticipation of the upcoming Q3 earnings, with a particular focus on the gaming sector. There's a notable optimism surrounding Macau, contrasting with moderated expectations for the Las Vegas Strip and locals. Regional trends are continuing at a steady, yet unremarkable pace, and weather conditions may pose further challenges.
For Q3, optimism is particularly directed towards digital gaming due to positive fundamentals and commentary. Meanwhile, there is a sense of caution regarding Macau's uncertain situation and traditional land-based gaming in the U.S.
Note:
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