MGM Resorts International (NYSE:MGM) Shares Up 6.4%

MGM Resorts International (NYSE:MGM – Get Rating)’s stock price shot up 6.4% during trading on Friday . The stock traded as high as $28.91 and last traded at $28.91. 53,485 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 5,717,176 shares. The stock had previously closed at $27.17.

Several research firms have commented on MGM. Deutsche Bank Aktiengesellschaft lowered their price target on shares of MGM Resorts International from $52.00 to $48.00 in a report on Friday, May 20th. Susquehanna Bancshares raised shares of MGM Resorts International from a “negative” rating to a “neutral” rating and upped their price target for the company from $36.00 to $45.00 in a report on Friday, March 18th. Wells Fargo & Company lowered their price target on shares of MGM Resorts International from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Bank of America lowered their target price on shares of MGM Resorts International from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 18th. Finally, Truist Financial lowered their target price on shares of MGM Resorts International from $51.00 to $48.00 and set a “hold” rating on the stock in a research note on Tuesday, April 19th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.93.

Source: https://www.defenseworld.net/2022/06/26/mgm-resorts-international-nysemgm-shares-up-6-4.html