citicenter

Citigroup Upgrades MGM Resorts to Hold - Shares Up 0.4%

The firm made the call citing CityCenter's debt refinancing and indications of a recovery in Las Vegas.

The firm has a $16.60 target on company shares. That is up from $11.

analyst, citicenter, citygroup, debt, financial, las vegas, mgm, mgm resorts, price, refinancing, stock market, stock rating, target, trade

Shares of MGM Resorts (MGM) are higher in pre-market trading as the company is reportedly upgraded to Hold from Sell at Citigroup.

By Stephanie Shyu
sshyu@fnno.com

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