MGM Resorts International (NYSE:MGM) Receives Average Recommendation of "Moderate Buy" from Brokerages

MGM Resorts International (NYSE:MGM) has received a consensus "Moderate Buy" rating from 22 brokerages, with an average 12-month price target of $53.25, significantly higher than its recent trading price of $38.24. Recent analyst actions have been mostly positive, including upgrades and increased price targets from several firms. The company's latest quarterly results surpassed expectations, reporting $0.59 EPS and $4.45 billion in revenue.