Stifel Lifts MGM Resorts Price Target to $50, Maintains Buy Rating
Stifel raised its price objective on MGM Resorts to $50 from $45 and kept a Buy rating, citing a pathway for Las Vegas Strip EBITDA growth in the second half of 2026 and a 2027 sum-of-the-parts valuation underpinning the updated target. The stock trades well below the new target and carries a high reported P/E; recent quarterly results exceeded exp…