Brokerages cut MGM Resorts PT after it misses Q3 estimates
** Shares of casino operator MGM Resorts International MGM.N down 11% at $37 in afternoon trade
** Co missed Q3 profit and revenue expectations on Wednesday, hurt by weak sales in its Las Vegas casino business
** J.P. Morgan cuts PT to $48 from $51 on weak quarterly profit, maintains "overweight"
** Truist Securities also cuts PT to $54 from $56, maintaining "buy" rating
** Brokerage, however, notes that strong Vegas event calendar provides tailwinds for its destination properties
** Co adj. Q3 earnings of 54 cents/shr missed analysts' estimates of 61 cents/shr - LSEG
** Up to last close, stock down 7% this year
Reporting by Anshuman Tripathy in Bengaluru
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