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What Analysts Recommend for Major Casino Stock

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Analyst recommendations

Analysts favor MGM Resorts (MGM) stock over other major casinos’. All 20 analysts tracking the stock recommend “buy.” Seven (35%) of these analysts have “strong buy” recommendations, while the remaining 75% have “buy” recommendations.

For Melco Resorts & Entertainment (MLCO), 15 (68.2%) of the 22 analysts tracking the stock recommend “buy,” and 31.8% recommend “hold.” None of the analysts recommend “sell.” Of the 20 analysts tracking Las Vegas Sands (LVS), 11 (55%) recommend “buy,” and 45% recommend “hold.” Ten (50%) of the 20 analysts tracking Wynn Resorts (WYNN) recommend “buy,” and the remaining 50% recommend “hold.”

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Return potential

With a closing price of $22.70 on June 27, 2017, Melco has the highest return potential of 11.1%, based on its 12-month target price of $25.20. MGM Resorts has a return potential of 6.2% based on its target price of $35.80 and current market price of $33.70. Wynn Resorts has a return potential of -1.9% based on its 12-month target price of $133 and current market price of $135.60. Las Vegas Sands has a return potential of -2.8% based on its 12-month target price of $62.30 and current market price of $64.14.

Investors can gain exposure to casino stocks by investing in the PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ), which invests 8.3% of its portfolio in casinos. Visit Market Realist’s Casinos and Gaming page to learn more about the industry, its indicators, and current trends.

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