Credit Agricole Upgrades MGM Resorts (MGM) to Buy

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Shares of MGM Resorts (NYSE: MGM) are ticking very modestly higher following news of an intraday upgrade from Credit Agricole's Jon Oh.

The analyst now rates MGM shares a Buy, up from Outperform previously. Credit Agricole maintains a $16 price target on the stock.

MGM shares got an initial boost early this morning following an upgrade from Morgan Stanley.

With shares of MGM up 3.6 percent to $11.27 at last check, the firm's price target represents potential upside of about 42 percent.

For more ratings news on MGM Resorts click here and for the rating history of MGM Mirage click here.

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Morgan Stanley, Credit Agricole

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