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MGM

MGM Resorts

$26.64

0.41 (1.56%)

08:19
10/06/16
10/06
08:19
10/06/16
08:19

MGM Resorts upgraded on positive outlook at Argus

As noted earlier, Argus upgraded MGM to Buy from Hold. Analyst John Staszak upgraded the stock based on what he sees as "prospects for solid growth in Las Vegas and early signs of recovery in Macau." The analyst believes that investors have not yet "fully recognized" the upbeat signs in Macau, and he thinks that the region will rebound in Q4 and 2017, sparked by the opening of new casinos there. Target $32.

MGM MGM Resorts
$26.64

0.41 (1.56%)

10/06/16
ARGS
10/06/16
UPGRADE
ARGS
Buy
MGM Resorts upgraded to Buy from Hold at Argus
10/05/16
NOMU
10/05/16
NO CHANGE
Target $32
NOMU
Buy
MGM Resorts price target raised to $32 from $28 at Nomura
Nomura analyst Harry Curtis raised MGM Resorts' price target to 32 from $28 to reflect continued pricing upside in Las Vegas, the December opening of National Harbour, Q1 RevPAR growth in Las Vegas, and the Q2 opening of MGM Cotai. Curtis rates MGM Resorts a Buy.
09/28/16
DBAB
09/28/16
NO CHANGE
Target $29
DBAB
Buy
MGM Resorts near-term setup is attractive, says Deutsche Bank
After meeting with management, Deutsche Bank analyst Carlo Santarelli says MGM Resorts' valuation is compelling and the near-term setup is attractive. The company continues to execute on its growth strategies amid solid underlying demand in Las Vegas, Santarelli tells investors in a research note. He keeps a Buy rating on MGM with a $29 price target.
09/16/16
GABE
09/16/16
NO CHANGE
Target $39
GABE
Buy
MGM Resorts fundamentals solid, shares undervalued at Gabelli
Gabelli analyst Adam Trivison reiterated MGM Resorts as a best idea following recent management meetings. The analyst has confidence in MGM's outlook and estimates driven by a strong Las Vegas convention business, new property openings, management's $400M Profit Growth Plan. Trivison views MGM shares as undervalued and said the core business is trading at a 7x his 2017 EBITDA estimate. The analyst rates MGM Resorts a Buy with a $39 price target on shares.

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