Goldman Sachs Maintains Buy Rating and $13 PT on MGM Resorts International

A report from Goldman Sachs reiterates its Buy rating and $13 price target on MGM Resorts International (NYSE: MGM).

The report states, “MGM's 3Q earnings were generally in line, with Las Vegas Strip EBITDA coming in a little above our expectations at $268 mn, while MGM China EBITDA came in light at $139 mn (inclusive of an $11 mn one-time expense incurred with the change in ownership)."

MGM closed yesterday at $10.03.