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Fly News Breaks for July 29, 2019
MGM
Jul 29, 2019 | 07:48 EDT
Argus analyst John Staszak raised his price target on MGM Resorts to $35 and kept his Buy rating after its "solid" Q2 earnings. The analyst cites continued growth of the MGM Cotai in China along with the underappreciated by investors signs of recovery in Las Vegas, where RevPAR rose 2.3%, room prices rose 70bps, and occupancy increased by 2%.
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