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MGM

MGM Resorts

$25.55

0.19 (0.75%)

13:03
05/25/19
05/25
13:03
05/25/19
13:03

MGM Resorts looks like an attractive gambling play, Barron's says

MGM Resorts (MGM) stock has languished in recent years, hampered by a slowdown in Las Vegas, concerns about the economy and China, and doubts about management's ability to deliver on a plan to increase profits in the next two years, Andrew Bary writes in this week's edition of Barron's. But investors may be overlooking several positives, the author notes. MGM looks like an attractive gambling play, given low investor expectations, activist involvement, and a management team under pressure to deliver on ambitious financial goals, the publication says, noting that it may now be time to bet on the house. Reference Link

  • 29

    May

MGM MGM Resorts
$25.55

0.19 (0.75%)

01/08/19
JPMS
01/08/19
NO CHANGE
Target $38
JPMS
Overweight
MGM Resorts added to Analyst Focus List at JPMorgan
JPMorgan analyst Joseph Greff added MGM Resorts to his firm's Analyst Focus List saying he sees an increasingly favorable setup for 2019. The analyst raised his price target for the shares to $38 from $35 and keeps an Overweight rating on the name. He sees a combination of relatively low expectations in Las Vegas, improving operations/efficiencies and an attractive valuation.
01/18/19
MSCO
01/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Las Vegas to Macau in gaming entering 2019
Morgan Stanley analyst Thomas Allen said he is confident that the Las Vegas outlook is better than perceived after Q4 appears to have shown a meaningful rebound, noting also that his convention tracker supports strong 2019 demand growth and that flight capacity to the market is growing. Meanwhile, as a firm, Morgan Stanley has cut its Macau market gaming revenue outlook and industry view, Allen noted. Combining his Las Vegas outlook and bullish stance on regional U.S. gaming, Allen called MGM Resorts (MGM) and Caesars (CZR) his preferred large cap gaming stocks entering 2019, stating that he believes expectations for both are beatable. He reiterates Overweight ratings on both, as well as on Las Vegas Sands (LVS), and keeps an Equal Weight rating on Wynn Resorts (WYNN).
03/06/19
MSCO
03/06/19
NO CHANGE
MSCO
Morgan Stanley raises Macau casino operator targets on higher mass forecast
Morgan Stanley analyst Thomas Allen said that Morgan Stanley is increasingly bullish that China's policy stimulus is working as a firm, adding that he now expects Macau gross gaming revenue to grow 1% in 2019, up from his prior forecast for a 2% decline. Underpinning that improved view, he has raised his mass market growth forecast to 7% from 2%, citing accelerated visitation growth following the HKZM bridge opening as well as the firm's currency strategists' call for the CNY to continue to appreciate against the USD. While he still has an "in-line" view on Macau, Allen raised his price target on Las Vegas Sands (LVS) to $66 from $64, his target on Wynn (WYNN) to $130 from $122 and his target on MGM Resorts (MGM) to $35 from $34. Allen added that Las Vegas Sands remains his preferred play on Macau, as he thinks the Street is wrong in assuming it will lose market share.
03/20/19
FBCO
03/20/19
INITIATION
Target $30
FBCO
Neutral
MGM Resorts assumed with a Neutral at Credit Suisse
Credit Suisse analyst Ben Combes assumed coverage of MGM Resorts with a Neutral rating and $30 price target.

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KEQU

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GM

General Motors

$36.71

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FLXS

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ADBE

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PCG

PG&E

$19.15

0.27 (1.43%)

18:59
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  • 21

    Jun

STOK

Stoke Therapeutics

$0.00

(0.00%)

18:46
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LTXB

LegacyTexas Financial

$39.02

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UNP

Union Pacific

$165.49

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MYOS

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GM

General Motors

$36.71

0.58 (1.61%)

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BXC

BlueLinx

$22.03

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EADSY

Airbus

$0.00

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$374.21

19.31 (5.44%)

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EADSY

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$0.00

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$374.21

19.31 (5.44%)

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  • 09

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FB

Facebook

$188.46

-0.43 (-0.23%)

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  • 10

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OII

Oceaneering

$18.34

0.7 (3.97%)

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$18.34

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APC

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$69.95

0.16 (0.23%)

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  • 18

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GVA

Granite Construction

$44.64

1.335 (3.08%)

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APC

Anadarko

$69.95

0.16 (0.23%)

, FTI

TechnipFMC

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FTI

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$23.76

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  • 18

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MDT

Medtronic

$97.96

0.65 (0.67%)

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  • 19

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EAF

GrafTech

$10.95

0.14 (1.30%)

17:20
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APC

Anadarko

$69.95

0.16 (0.23%)

17:12
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Anadarko Area 1 Plan of Development now effective »

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