Credit Suisse upgrades MGM Resorts, says casino stock can rally more than 50%

MGM Resorts signage during the USA Womens National 3x3 Team practice on July 13, 2021 at Mandalay Bay Convention Center in Las Vegas, Nevada.
Stephen Gosling | National Basketball Association | Getty Images

New casino operations and a healthy cash flow should help boost MGM Resorts in the year ahead, according to Credit Suisse.