MGM Resorts International (NYSE:MGM) is one of the most undervalued hotel stocks to invest in now. MGM Resorts International (NYSE:MGM) announced on February 25 a new sales structure to bolster customer experience and streamline event planning. The company stated that it revamped its sales team to bolster collaboration across its portfolio, support continued growth in events, meetings, and group verticals, and deliver a more customer-first experience. Management stated that the updates encompass new leadership appointments, an improved approach to how teams support customers across the company’s properties, and a refined organizational structure.
In a separate development, MGM Resorts International received a rating update from Morgan Stanley on February 11. The firm lifted the price target on the stock to $34 from $33 and maintained an Underweight rating on the shares, telling investors in an earnings recap note that MGM Resorts International printed a fiscal Q4 beat on better Las Vegas and Macau results.
MGM Resorts International is a global entertainment and gaming company that owns international and domestic locations. Its segments include Las Vegas Strip Resorts, MGM China, and Regional Operations.
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