Furthermore, the expectation of a positive outlook for the company’s operations in Las Vegas and Macau contributed to the optimistic rating. Firstly, MGM’s third quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) outperformed across all segments. Macquarie analyst Chad Beynon has maintained their bullish stance on MGM stock, giving a Buy rating yesterday.Ĭhad Beynon’s Buy rating for MGM Resorts is largely influenced by a combination of factors.
