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UPDATE: Citigroup Upgrades MGM Resorts with Las Vegas Recovery

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In a report published Monday, Citi analyst Anil Daswani upgraded *MGM Resorts International* (NYSE: MGM) to a Buy rating, raising price target from $21 to $29.

The report noted, “Seeing positive changes in balance sheets and encouraging ADR trends, we are becoming bullish on LV.” Daswani highlighted Las Vegas recovery being a huge factor in the Reported by Benzinga.com 9 hours ago.

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