Morgan Stanley has reiterated its "Underweight" rating on MGM Resorts International (MGM), signaling a cautious outlook for the hospitality giant. Despite this, the investment bank slightly increased its price target for MGM shares from $33 to $34. This maintained rating reflects Morgan Stanley's view of limited near-term upside potential for the company. The cautious stance comes even as MGM has disclosed positive developments regarding growth in Las Vegas and an increase in Macau market share. Separately, Meyka AI independently assessed MGM, assigning it a "B" grade based on various financial and market performance metrics. This indicates a mixed but predominantly conservative view from analysts regarding MGM's future performance.
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