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MGM Resorts (MGM) Stock Price Target Raised at Deutsche Bank

NEW YORK (TheStreet) -- Deutsche Bank raised its price target on MGM Resorts International (MGM - Get Report) to $28 from $26 on Friday. The firm maintained its "buy" rating on the stock.

The Las Vegas-based holding company, which operates casinos, announced yesterday that it plans to create a publicly traded real estate investment trust.

"We are reserving judgment on the prudence of the REIT given the many unknown moving parts," Deutsche Bank said. "That being said, we are confident the REIT is accretive to equity value, but how accretive is something we struggle with."

MGM Resorts also reported earnings of 12...


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