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MGM

MGM Resorts

$31.91

-0.685 (-2.10%)

10:00
10/02/17
10/02
10:00
10/02/17
10:00

MGM short-term puts active as shares display relative weakness

MGM short-term puts active as shares display relative weakness. The stock down 85c to $31.74 and 2.6K Oct 6th 31.5 puts have changed hands. Small lots of Oct 6th 30.5 puts also traded shortly after the opening bell. Total volume is 5.3K puts and 2.7K calls. Two-thirds of the flow is Oct 6th options that expire this week.

  • 02

    Oct

  • 08

    Nov

MGM MGM Resorts
$31.91

-0.685 (-2.10%)

08/01/17
UBSW
08/01/17
DOWNGRADE
Target $36
UBSW
Neutral
MGM Resorts downgraded to Neutral from Buy at UBS
UBS analyst Robin Farley downgraded MGM Resorts to Neutral while raising her price target for the shares to $36 from $33. The current valuation, with the shares up 37% over the past 12 months, now captures much of the value of the REIT transaction and improving Las Vegas outlook, Farley tells investors in a research note.
08/01/17
08/01/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. MGM Resorts (MGM) downgraded to Neutral from Buy at UBS with analyst Robin Farley saying the current valuation, with the shares up 37% over the past 12 months, now captures much of the value of the REIT transaction and improving Las Vegas outlook. 2. Boardwalk Pipeline (BWP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Elvira Scotto saying she expects the stock to be "range bound" until its 2019-2020 outlook become clearer. 3. La-Z-Boy (LZB) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying shares are approaching his $36 price target. 4. Regeneron (REGN) downgraded to Underperform from Neutral at Baird with analyst Brian Skorney saying Dupixent expectations have gotten ahead of themselves and consensus numbers currently reflect an overlap with Cosentyx sales which looks like an overestimate. 5. Corporate Office Properties (OFC) downgraded to Sell from Hold at Stifel with analyst John Guinee saying he believes that the Real Estate Investment Trust will be hurt by "persistently weak leasing economics," the expirations of a large number of its leases with high rents, and efforts by defense and IT organization to keep rent costs low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/08/17
JPMS
09/08/17
NO CHANGE
Target $39
JPMS
Overweight
National Harbor deal positive for MGM, MGM Growth, says JPMorgan
JPMorgan analyst Joseph Greff has a favorable view of both MGM Resorts (MGM) and MGM Growth Properties (MGP) as it relates to the purchase of MGM National Harbor's real estate for $1.1875B. For MGM Growth, the deal is accretive and represents a good valuation multiple, Greff tells investors in a research note. He upped his price target for the shares to $33 from $31. For MGM, the transaction improves the balance sheet and helps accelerate the return of capital via a $1B share repurchase authorization, the analyst writes. He upped his price target for those shares to $39 from $37. He keeps Overweight ratings on both stocks.
09/11/17
DBAB
09/11/17
DOWNGRADE
Target $36
DBAB
Hold
MGM Resorts downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli downgraded MGM Resorts to Hold while maintaining a $36 price target on the shares. The continued slowing of Las Vegas Strip EBITDA growth will likely pressure trading multiples, Santarelli tells investors in a research note. He believes Las Vegas Strip fundamentals are "exhibiting late cycle tendencies."

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FCAU

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