Jefferies cut MGM Resorts International rating from Buy to Hold, lowering price target to $44 from $50.
Analysts cited concerns over MGM’s fully leased U.S. asset portfolio, capital structure, and limited near‑term growth prospects.
Q1 2026 revenue reached $4.45 bn and adjusted EBITDAR $1.14 bn, missing Wall Street EBITDAR estimate of $1.18 bn.
MGM China posted $1.12 bn revenue; higher brand fees may pressure margins while boosting cash to the parent.