Truist lowers price target on MGM Resorts to $45 from $47, citing “more conservatism” on Las Vegas Strip growth inflection. November Strip gross gaming revenue down 1% YoY. Analyst sees soft Strip RevPAR but views MGM and Caesars as “inexpensive” with well-known Strip challenges.
(Source: TheFly)

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Read more at Yahoo Finance.: MGM Resorts price target lowered to $45 from $47 at Truist