Breaking News Instant updates and real-time market news.

LVS

Las Vegas Sands

$60.70

-1.97 (-3.14%)

, MGM

MGM Resorts

$28.21

-0.5 (-1.74%)

15:39
12/01/16
12/01
15:39
12/01/16
15:39

Las Vegas Sands, MGM Resorts move off lows in late day trading

The late day improvement in the shares of casino operators Las Vegas Sands (LVS) and MGM Resorts (MGM) may be related to a report from Japan's Asahi, a translation of which indicates that a casino bill is expected to pass a House of Representatives committee. Reference Link

LVS

Las Vegas Sands

$60.70

-1.97 (-3.14%)

MGM

MGM Resorts

$28.21

-0.5 (-1.74%)

LVS Las Vegas Sands
$60.70

-1.97 (-3.14%)

09/14/16
09/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying an attractive free cash flow and dividend yield makes the risk/reward attractive at current levels. 2. Fifth Third (FITB) upgraded to Buy from Neutral at Compass Point. 3. F5 Networks (FFIV) upgraded to Outperform from Perform at Oppenheimer with analyst Ittai Kidron saying the company has several potential drivers that could drive year-over-year product revenue growth back into positive territory in fiscal 2017. 4. Las Vegas Sands (LVS) upgraded to Buy from Hold at Argus with analyst John Staszak saying that Macau gambling is shifting towards the non-VIP market, where he believes that Las Vegas Sands is well-positioned. 5. DeVry (DV) upgraded to Outperform from Market Perform at Barrington with analyst Alexander Paris saying management's near-term goal is stabilizing revenue at DeVry University growing enrollment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
BOFA
10/04/16
UPGRADE
BOFA
Buy
Las Vegas Sands upgraded to Buy from Neutral at BofA/Merrill
10/04/16
BOFA
10/04/16
UPGRADE
Target $63
BOFA
Buy
Las Vegas Sands upgraded on expected estimate revisions at BofA/Merrill
BofA/Merrill analyst Shaun Kelley upgraded Las Vegas Sands to Buy and raised its price target to $63 from $52. The analyst said shares remain fairly under-owned and thinks estimate revisions will move higher due to market momentum, better ROI for Parisian, Cotai infrastructure additions, and optionality from Japan and real estate.
11/21/16
BERN
11/21/16
NO CHANGE
BERN
Macau to grow at 8% CAGR 2016-2020, says Bernstein
Bernstein analyst Vitaly Umansky estimates that Macau's gross gaming revenue will grow at an 8% compound annual growth rate from 2016-2020, driven by non-VIP CAGR of about 11% and VIP CAGR of about 3%. The analyst says that the region's high margin mass gambling is strengthening and continues to be supported by catalysts, while VIP has been growing since September. Umansky identifies Melco Crown (MPEL) as the most undervalued stock in his coverage. He says that the company has multiple positive catalysts, and he keeps a $21.50 price target and a Buy rating on the shares. Other stocks with exposure to Macau include Las Vegas Sands (LVS), Wynn Resorts (WYNN), and MGM Resorts (MGM).
MGM MGM Resorts
$28.21

-0.5 (-1.74%)

10/06/16
ARGS
10/06/16
UPGRADE
ARGS
Buy
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.
11/08/16
STFL
11/08/16
NO CHANGE
STFL
MGM Resorts price target raised to $33 from $30 at Stifel
Stifel believes that MGM's Q3 results showed "broad based strength" in all of its holdings. The analyst, calling the stock's 2% increase yesterday a "muted" reaction, believes that investors are wondering how much more the stock can rise. However, he thinks the continuation of strength in the company's Las Vegas and Macau assets, along with two major new projects in Maryland and Macau, should enable the shares to rise over the next year. He raised his price target on the stock to $33 from $30 and keeps a Buy rating on the stock.
11/08/16
JPMS
11/08/16
NO CHANGE
Target $38
JPMS
Overweight
MGM Resorts price target raised to $38 from $32 at JPMorgan
JPMorgan analyst Joseph Greff raised his price target for MGM Resorts to $38 saying the company is still underappreciated following its "excellent" Q3 results. The analyst continues to think that MGM offers the best risk/reward in gaming. He notes his price target represents 40% upside. Greff keeps an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.