MGM Q2 loss forecast narrowed by Jefferies

MGM-Resorts stock rises

Analysts at Jefferies Financial Group now expect MGM Resorts to report a Q2 net loss of $0.18, narrowing from its prior estimate for a loss of $0.43.

The group has a “buy” rating and $53 share price target for the operator. For the full year, the analysts expect a loss of $1.05 and for 2022 a profit of $0.23 a share.

MarketBeat