Truist analyst lowers Caesars and MGM earnings forecasts through 2027
Truist Securities analyst Barry Jonas lowered his EBITDA forecasts for MGM Resorts International and Caesars Entertainment through 2027, citing Las Vegas Strip revenue and visitation trends. He cut MGM’s forecasts by 1% for 2025 and 7% for both 2026 and 2027; Caesars’ forecasts fell by 1% in 2025 and 2026 and 2% in 2027. Jonas also reduced MGM’s price target to $45 from $47.
The revised forecasts provide investors with an updated view of expected earnings at two major casino operators.