Markel Group Inc. reportedly bought 45,500 shares of MGM Resorts International (NYSE:MGM) with the company's stock value experiencing triple-digit returns over the past five years and strong returns of 129%. Multiple analyses have forecasted an upward trend for the company's stocks, with Barclays increasing their price target for MGM Resorts to $44 and Truist boosting theirs to $50. The company further announced Ryan Abboushi as their new President of Entertainment, emphasizing a renewed brand identity. MGM Resorts' stocks have been sold by the Bank of New York Mellon Corp and TD Private Client Wealth cut its stake. On the other hand, notable financial institutions like BofA Securities and Stifel Nicolaus adjusted their price targets to reflect a positive outlook. The company hit the news with various developments, including a $2 billion buyback, a surge in profits, strong growth in digital, a partnership with LIV Golf and other partners; and an $8.5M fine over a money laundering case. Given significant corporate activity and optimistic forecasts, the prospects for MGM Resorts International look promising, contributing to its position as a top pick in the hospitality industry.
Mgm Resorts International MGM News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sun, 20 Jul 2025 00:11:06 GMT -
Rating 9
- Innovation 6
- Information 8
- Rumor 2
