Monday, January 10, 2011

Goldman's (NYSE:GS) Gaming Favorite is MGM Resorts (NYSE:MGM)

MGM Resorts (NYSE:MGM) remains on the top of the list of Goldman Sachs (NYSE:GS) for in the gaming, convention segment, with the caveat that there will be an increase in demand that aligns with the current confidence there will be.

Goldman believes demand, along with attendance will increase, and MGM is strongly positioned to take advantage of it. The finance story for MGM also looks solid.

Goldman Sachs maintains their "Buy" rating on MGM Resorts, which was trading at $16.26, down $0.09, or 0.55 percent, as of 12:35 PM EST. Goldman boosted their price target on MGM Resorts from $14 to $18.

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