MGM Resorts (MGM) PT, Estimates Raised at FBR on 'Strong' Q1
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MGM Resorts (MGM) Target Price Lifted at Sterne Agee on LV and Macau Momentum, Catalysts
April 30, 2014 11:21 AM EDTSterne Agee analyst David Bain reiterated a Buy rating and boosted his price target on MGM Resorts (NYSE: MGM) to $33.00 (from $31.00) following strong Q1 results. The analyst sees momentum now and catalysts ahead.
Bain commented, "Following strong 1Q14 results, better than consensus 2Q Las Vegas Rev/PAR guidance, a road map showcasing Las Vegas (LV) market share drivers, strong forward convention bookings and strong/transformative LV/Macau growth catalysts in CY16, we raise EPS estimates to $0.41/$0.53 from $0.36/$0.46 and raise our target price to $33 from $31.
The analyst sees... More
MGM Resorts International (MGM) Tops Q1 EPS by 12c
April 29, 2014 8:04 AM EDTMGM Resorts International (NYSE: MGM) reported Q1 EPS of $0.21, $0.12 better than the analyst estimate of $0.09. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.58 billion.
"We are off to a strong start in 2014, with double digit Adjusted EBITDA growth at our wholly owned domestic resorts and record results at MGM China and... More
