02:05 PM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month price target by $12 to $35, based on 9x our FY 26 EBITDAR estimate and in line with the company's three-year average forward EV/EBITDAR multiple of 9.1x, reflecting our view the company has a strong balance sheet and diversified property portfolio offset by slowing growth and weakness in Las Vegas. We lower our 2025 EPS estimate by $1.05 to $2.25 and our 2026 EPS estimate by $1.10 to $2.50. MGM posted normalized FQ3 EPS of $0.24 vs. $0.54, $0.06 below consensus estimates on revenues of $4.25B vs. $4.17B and $12M above estimates. Las Vegas revenues declined 7% Y/Y primarily due to the remodel of MGM Grand as well as a decrease to RevPAR and table game win percentage while adjusted EBITDAR declined 18% Y/Y. Regional revenues increased 0.5% Y/Y while adjusted EBITDAR declined 1%. MGM China revenues increased 17% Y/Y due to an increase in main floor table game drop leading to an adjusted EBITDAR increase of 20%. MGM Digital revenues increased 23% Y/Y but adjusted EBITDAR declined 2%.