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MGM Resorts Up 3% As China Relaxes Covid-19 Curbs

MGM Resorts Up 3% As China Relaxes Covid-19 Curbs

Shares of MGM Resorts International (MGM) are up 3 percent on Tuesday's trading following news reports that JMP Securities has given the stock a Market Outperform rating and announced a $55 price target.

The stock of the company, which operates casinos in Macau, was also influenced by news of China easing quarantine rules for international travelers.

Currently at $30.65, the stock has traded between $26.41 and $51.17 during the past 52 weeks.

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