Goldman Sachs cuts its price target on MGM Resorts (MGM) to $13 based on macroeconomic factors that could stretch out a full recovery on the Las Vegas Strip. While Vegas tourism and gambling continue to post strong year-over-year growth numbers, it's not quite at the high levels needed to justify the lofty revenue and earnings estimates on gaming sector names. Shares of MGM -0.7% premarket
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com