Here's Why Investors Should Retain MGM Resorts (MGM) Stock for Now
MGM Resorts International(MGM) ZACKS·2024-06-13 21:02
MGM Resorts International (MGM) is likely to benefit from the increased business volume at MGM China, sports betting prospects and development projects. Also, its focus on digital strategies bodes well. However, a volatile macroeconomic environment poses threat.Let us discuss the factors that highlight why investors should retain this Zacks Rank #3 (Hold) stock for now.Factors Driving GrowthMGM Resorts is benefiting from increased business volume and travel activity at MGM China. In the first quarter of 202 ...