Morgan Stanley Overweight on MGM Resorts

Morgan Stanley is out with a research report on MGM Resorts Int'l (NYSE: MGM) and it has an Overweight rating and a $15 price target on shares.

In a note to clients, Morgan Stanley writes, "We believe improving leisure trends on the LV Strip in the 3Q should support recent momentum in the ongoing LV recovery. Positive commentary on 4Q / early 2012 trends in the face of macro weakness should drive shares higher through year end."

Shares of MGM lost 50 cents yesterday to close at $11.52, a loss of 4.16%.