SunTrust analyst Barry Jonas assumed MGM Growth (MGP) with a Hold rating and a price target of $30 as part of his broader "U.S. Gaming" coverage transfer research report. The analyst says the company's assets are some of the "highest quality" in the group with "strong coverage and growth pipeline", adding that MGM's (MGM) goal of selling down its stake should also improve its corporate governance concerns. Jonas warns about the company's falling rent coverage in the volatile Las Vegas strip, as well as "upcoming competitive threats in MA and CT" and contends that MGM Growth valuation is fair.