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Fly News Breaks for February 16, 2017
MGM
Feb 16, 2017 | 13:57 EDT
Following MGM Resorts Q4 results, Stifel analyst Steven Wieczynski expects the Strip EBITDA miss to garner the most attention, while the margin softness is likely to validate bearish investors' take that the margin improvement story is losing steam. However, the analyst encourages investors to take advantage of any trading weakness to add to or establish new positions in the name as he believes there was a lot of "noise" in the Q4 results, and in no way views the performance as indicative of a structural change in the MGM Resorts story. He reiterates a Buy rating and $36 price target on the shares.
News For MGM From the Last 2 Days
MGM
Mar 28, 2024 | 15:56 EDT
Welcome to the latest edition of "Bet On It," where The Fly looks at news and activity in the sports betting and iGaming space.  SECTOR RECAP: Nevada reported... To see the rest of the story go to thefly.com. See Story Here
MGM
Mar 28, 2024 | 09:34 EDT
Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).