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Stock Market & Financial Investment News

News Breaks
February 26, 2014
08:15 EDTMGMMGM 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
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February 27, 2015
09:35 EDTMGMNevada reports January statewide gaming win up 7.75% to $952.7M
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February 26, 2015
08:29 EDTMGMDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
09:36 EDTMGMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
February 24, 2015
09:52 EDTMGMMacau to review mainland’s individual visit scheme, Macau Business Daily says
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February 18, 2015
09:55 EDTMGMMGM Resorts likelihood of REIT restructuring low, says Sterne Agee
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February 17, 2015
18:06 EDTMGMPaulson & Co gives quarterly update on stakes
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17:50 EDTMGMMGM Resorts CEO says unclear about Macau in short term
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17:47 EDTMGMMGM Resorts CEO says owns more Las Vegas real estate 'than anybody'
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16:00 EDTMGMOptions Update; February 17, 2015
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12:15 EDTMGMMGM Resorts rises as REIT discussed on earnings call
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11:54 EDTMGMMGM Resorts says exploring REIT structure
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08:07 EDTMGMMGM China board to recommend final 2014 dividend of $120M
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08:06 EDTMGMMGM Resorts reports Q4 casino revenue related to domestic resorts up 5%
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08:06 EDTMGMMGM Resorts reports Q4 EPS (70c), may not be comparable to consensus 6c
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07:17 EDTMGMMGM Resorts volatility elevated into Q4 and outlook
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