UPDATE: Barclays Raises PT on MGM Resorts on Expected Benefits From Approaching Catalysts
In a report published Wednesday, Barclays Capital analyst Felicia R. Hendrix reiterated an Overweight rating on MGM Resorts International (NYSE: MGM), and raised the price target from $20.00 to $24.00.
In the report, Barclays Capital noted, “MGM has the most exposure to the convention and leisure visitation recovery on the Las Vegas Strip. As RevPAR, visitation and customer spend grow, MGM shares should benefit.”
MGM Resorts International closed on Tuesday at $20.56.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.