MGM Resorts (MGM) calls active as shares sell off 9.7%, with focus on April weekly 32.50 and May weekly 33 calls

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Go back to MGM Resorts (MGM) calls active as shares sell off 9.7%, with focus on April weekly 32.50 and May weekly 33 calls

MGM Resorts (MGM) PT Lowered to $37 at Deutsche Bank

April 27, 2018 6:36 AM EDT

Deutsche Bank lowered its price target on MGM Resorts (NYSE: MGM) to $37.00 (from $39.00) while maintaining a Hold rating.

Analyst Carlo Santarelli commented, "While 1Q18 results were broadly sound relative to guidance & expectations, we believe the outlook speaks to our cautious stance on Strip demand... More