MGM Resorts price target raised to $33 from $29 at Argus Argus raised its price target on MGM after the company reported higher than expected Q4 operating profits. The firm expects the company to benefit from continued strong revenue at MGM China in Q1, as well as 10% year-over-year increases in room prices at the company's Las Vegas Strip properties. The firm keeps a Buy rating on the stock.
News For MGM From The Last 14 Days
Check below for free stories on MGM the last two weeks.
Macau estimates lowered at Morgan Stanle Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.