Analyst Brandt Montour initiated coverage of the casino operator with an overweight rating, saying that shares should benefit from a recovery in Macao.
It's time for investors to bet on shares of MGM Resorts International , according to Barclays. Analyst Brandt Montour initiated coverage of the casino operator with an overweight rating, saying that shares should benefit from a recovery in Macao and continued strength in the Las Vegas market.
regional casinos, Montour expects Las Vegas to better weather a softening economy this year, which should bode well for MGM. Any softness in this market, he added, should be offset by the return of conventions, entertainment and sports betting growth in the area. "MGM has attractive premium positioning in both Las Vegas and U.S.
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