MGM Maintained by Morgan Stanley -- Price Target Lowered to $29.00

gurufocus.com · 2026-10-19

MGM Resorts International Analyst Rating Update On October 19, 2026, Morgan Stanley has maintained its rating on MGM Resorts International (MGM) while loweri

TickrTrends take: Morgan Stanley's price target reduction to $29 reflects analyst caution about MGM's near-term prospects despite maintaining coverage of the stock. Given that TickrTrends currently assesses MGM as overvalued within the Consumer Cyclical sector, investors focused on valuation metrics should monitor whether the company's fundamentals deteriorate further or stabilize around current levels. The lower price target may indicate growing concerns about the discretionary spending environment that typically affects hospitality and gaming operators during economic uncertainty.

Read the full story at gurufocus.com →