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Barclays initiates MGM Resorts (MGM) at Overweight

February 24, 2023 12:07 PM EST

Barclays initiated coverage of MGM Resorts (NYSE: MGM) with an Overweight rating and $59.00 price target on the stock.

Barclays sees MGM as a global leader in premium gaming, with an unmatched combination of market breadth and premium brand positioning across both land and digital, with shareholder-friendly management, and a very attractive FCF yield valuation implied for its core... More