Seaport Research Partners initiated coverage on MGM Resorts with a new price target
$MGM
Hotels/Resorts
Consumer Discretionary
Seaport Research Partners initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $56.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/3/2024 | $52.00 | Buy | BTIG Research |
| 5/2/2024 | $54.00 | Neutral → Positive | Susquehanna |
| 4/15/2024 | $56.00 | Buy | Seaport Research Partners |
| 3/26/2024 | $61.00 | Buy | Mizuho |
| 10/23/2023 | $49.00 | Buy | HSBC Securities |
| 10/12/2023 | $50.00 | Overweight | CapitalOne |
| 7/14/2023 | $47.00 → $48.00 | Equal-Weight | Morgan Stanley |
| 4/21/2023 | $59.00 → $60.00 | Overweight | Barclays |
Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth All Surpassed 2019 Levels HONG KONG, Oct. 30, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2024 (the "Period"). The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023. For the nine months ended September 30, Macau saw average daily visitor arrival reach 94,602, up by 30% from last year, recovered to 86% of pre-COVID 2019 levels. Visitation recovery has supported growth of g
Record 3Q consolidated net revenuesRecord results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDARMGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this yearRepurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021Accelerating growth at BetMGM with record 3Q net revenues increasing nearly 20% year-over-year, more than doubling the revenue growth achieved in 2QAdvanced international digital strategy by announcing a venture with Grupo Globo to pursue a sports betting and iGaming license in Brazil, aimin
LAS VEGAS, Oct. 2, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will release its financial results for the second quarter 2024 after the market closes on Wednesday, October 30, 2024. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com. The call will be accessible
More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino. In partnership with USO, American Airlines will fly these honored guests and t
Hospitality industry leader will more than double solar electricity access LAS VEGAS, Sept. 12, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewable electricity in North America by 2030. Already a global leader in sustainability with the world's largest direct connect solar array in the hospitality industry, MGM Resorts currently use
Episodes to feature iconic game show's first-ever nightly progressive jackpot tied to Bonus Round prizing Click here to download creative assets JERSEY CITY, N.J., May 17, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, will celebrate Wheel of Fortune's 8,000th episode during the legendary game show's "Big Money Week" scheduled to air May 20-24. For the first time in the history of the wildly successful syndicated game show, there will be a Nightly Progressive Jackpot sponsored by BetMGM that will be added to whatever a contestant wins if they solve the show's Bonus Puzzle.
More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino. In partnership with USO, American Airlines will fly these honored guests and t
New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip Resorts Click here for the full lineup, more information and to book reservations;Follow @MGMResortsIntl for updates LAS VEGAS, Nov. 1, 2024 /PRNewswire/ -- Push! Push! MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend. Race fans can party with their favorite driver at ARIA Resort & Casino, watch the race with an
Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth All Surpassed 2019 Levels HONG KONG, Oct. 30, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2024 (the "Period"). The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023. For the nine months ended September 30, Macau saw average daily visitor arrival reach 94,602, up by 30% from last year, recovered to 86% of pre-COVID 2019 levels. Visitation recovery has supported growth of g
BTIG Research initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $52.00
Susquehanna upgraded MGM Resorts from Neutral to Positive and set a new price target of $54.00
Seaport Research Partners initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $56.00
Sportsbooks and prediction markets show President Joe Biden with low odds of winning the 2024 presidential election. The odds continue to shift with calls for Biden to drop out of the race growing. What Happened: Despite calls to step down, Biden has brushed off concerns and his campaign team remains committed to the president staying in the race as of Friday morning. Biden has been losing ground in election polls since the first presidential debate and odds for Donald Trump to win have soared at sportsbooks and on prediction markets. Here are the current betting odds for the 2024 election from Covers, using data from Bet365 and the betting odds from May, late June and earlier in
JMP Securities analyst Jordan Bender maintains MGM Resorts Intl (NYSE:MGM) with a Market Outperform and raises the price target from $58 to $59.
Wells Fargo analyst Daniel Politzer maintains MGM Resorts Intl (NYSE:MGM) with a Overweight and lowers the price target from $56 to $55.
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