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Fly News Breaks for February 2, 2016
MGM
Feb 2, 2016 | 06:48 EDT
Deutsche Bank analyst Carlo Santarelli sees a favorable setup for shares of MGM Resorts following the stock's 12% decline year-to-date. His base case sum-of-the-parts valuation is $24 and his bull case is $29. The analyst calls the current valuation "unintimidating" and predicts MGM will post accelerating top line trends and ramping margins. He keeps a Buy rating on the name with a $24 price target.
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