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JMP Securities cuts MGM Resorts' price target to $45, despite stock rise and earnings beat.
JMP Securities lowered MGM Resorts International's price target to $45.00, despite the stock gaining $0.42 to $28.88 on Thursday.
The company reported earnings per share of $0.45, beating analyst estimates.
Institutional investors hold 68.11% of the stock, and MGM Resorts has a market cap of $8.07 billion.
Recent buys and sells by institutional investors indicate ongoing interest in the stock.
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JMP Securities reduce el precio objetivo de MGM Resorts a $ 45, a pesar de la subida de las acciones y las ganancias.