MGM Resorts (MGM) Sees Adjusted EBITDA Benefit of $400M by End of 2017
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UBS Reiterates Buy on MGM Resorts (MGM) Following Analyst Day
June 20, 2016 7:45 AM EDTUBS maintained a Buy rating and $29.00 price target on MGM Resorts (NYSE: MGM) following the company's analyst day. The company raised its near-term target for Profit Growth Plan to $400M, up from $300M by the end of 2017. Management also now expects Vegas margins to be in the low 30%s, up from 30% previously.... More
