Companies in the Services sector have received a lot of coverage today as analysts weigh in on MGM Resorts (MGM), Booking Holdings Inc (BKNG) and Genco Shipping (GNK).
MGM Resorts (MGM)
Morgan Stanley analyst Thomas Allen maintained a Buy rating on MGM Resorts today and set a price target of $35. The company’s shares closed yesterday at $26.89.
According to TipRanks.com, Allen is a 1-star analyst with an average return of -1.0% and a 42.5% success rate. Allen covers the Services sector, focusing on stocks such as Marriott International, Norwegian Cruise Line, and Extended Stay America.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MGM Resorts with a $34.75 average price target.
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Booking Holdings Inc (BKNG)
In a report released today, Brian Nowak from Morgan Stanley maintained a Hold rating on Booking Holdings Inc, with a price target of $1900. The company’s shares closed yesterday at $1745.93.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 7.8% and a 62.7% success rate. Nowak covers the Technology sector, focusing on stocks such as Activision Blizzard, Facebook, and Yelp Inc.
Booking Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2060.53, a 18.0% upside from current levels. In a report issued on February 28, Oppenheimer also downgraded the stock to Hold.
Genco Shipping (GNK)
In a report released today, Fotis Giannakoulis from Morgan Stanley maintained a Hold rating on Genco Shipping, with a price target of $9.50. The company’s shares closed yesterday at $8.74, close to its 52-week low of $6.83.
According to TipRanks.com, Giannakoulis ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.4% and a 31.4% success rate. Giannakoulis covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Teekay Offshore Partners LP, and Golden Ocean Group Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genco Shipping with a $19 average price target.
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