Stifel downgrades MGM Resorts to Hold, raises price target to $49
Stifel analyst Steven Wieczynski downgraded MGM Resorts International from Buy to Hold, raising the price target to $49 from $48.
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Stifel analyst Steven Wieczynski downgraded MGM Resorts International from Buy to Hold, raising the price target to $49 from $48. The adjustment reflects a revised outlook on the stock following its recent performance.
Rating and Target Changes
The rating change moves MGM Resorts International from a Buy recommendation to Hold. Concurrently, the price target was increased by $1, settling at $49.
| Metric | Previous | New |
|---|---|---|
| Rating | Buy | Hold |
| Price Target | $48 | $49 |
What factors might drive MGM's stock price to meet the new $49 target despite the downgrade?
How could the downgrade impact investor sentiment toward MGM in the short term?
What are the potential risks or opportunities for MGM in the current market environment?
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