Analysts Conflicted on These Services Names: MGM Resorts (NYSE: MGM) and Blue Apron Holdings Inc (NYSE: APRN)

By Austin Angelo

Analysts have been eager to weigh in on the Services sector with new ratings on MGM Resorts (NYSE:MGM) and Blue Apron Holdings Inc (NYSE:APRN).

MGM Resorts (MGM)

Barclays analyst Felicia Hendrix maintained a Buy rating on MGM Resorts today and set a price target of $37. The company’s shares closed on Friday at $28.53, close to its 52-week low of $26.85.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 6.1% and a 58.1% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Extended Stay America.

Currently, the analyst consensus on MGM Resorts is a Moderate Buy with an average price target of $35.33, which is a 23.8% upside from current levels. In a report issued on August 1, Jefferies also reiterated a Buy rating on the stock with a $36 price target.

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Blue Apron Holdings Inc (APRN)

In a report released today, Ross Sandler from Barclays maintained a Hold rating on Blue Apron Holdings Inc, with a price target of $2.50. The company’s shares closed on Friday at $2.16, close to its 52-week low of $1.72.

According to TipRanks.com, Sandler is a 4-star analyst with an average return of 7.7% and a 60.8% success rate. Sandler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.

Blue Apron Holdings Inc has an analyst consensus of Hold, with a price target consensus of $2.90, which is a 34.3% upside from current levels. In a report issued on August 2, SunTrust Robinson also maintained a Hold rating on the stock with a $2 price target.

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