MGM Resorts (MGM) Gets a Hold Rating from UBS


In a report released today, Robin M. Farley from UBS maintained a Hold rating on MGM Resorts (MGM), with a price target of $34.00. The company’s shares closed last Monday at $31.04, close to its 52-week high of $31.68.

According to TipRanks.com, Farley is a 5-star analyst with an average return of 17.0% and a 66.0% success rate. Farley covers the Services sector, focusing on stocks such as Las Vegas Sands, Choice Hotels, and Wynn Resorts.

Currently, the analyst consensus on MGM Resorts is a Moderate Buy with an average price target of $32.71, implying a 5.7% upside from current levels. In a report issued on October 31, Deutsche Bank also maintained a Hold rating on the stock with a $34.00 price target.

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The company has a one-year high of $31.68 and a one-year low of $21.62. Currently, MGM Resorts has an average volume of 5.23M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China.

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