Vetr Crowd Upgrades, Sees MGM As 4.5-Star Stock, Crowd-Sourced Price Target Implies 10% Upside

Shares of MGM Resorts International MGM have lost more than 8 percent since the start of the new year, partly due to ongoing concerns over the Macau gaming region.

Despite the poor start to 2016, the Vetr crowd upgraded MGM Resorts' stock rating to 4.5 stars out of a possible five stars. In fact, shares of MGM Resorts has risen to $20.49 since the prior rating of four stars was issued just two days ago.

MGM Resorts stock isn't a particularly popular one, as less than 2 percent of the Vetr crowd are holding the issue in their watch-list. However, 100 percent of the crowd's ratings are bullish and the crowd-sourced price target of $23.06 implies an upside of more than 10 percent.