Susquehanna Downgrades MGM MIRAGE (MGM) to Neutral
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Susquehanna downgrades MGM MIRAGE (NYSE: MGM) from Positive to Neutral.
Susquehanna analyst says, "Given rapidly deteriorating fundamentals in U.S. gaming markets, particularly Las Vegas, we have adjusted both our estimates and target multiples for MGM. In light of this revision, the upside potential in MGM's shares no longer meets our criteria for a Positive rating."
MGM MIRAGE is a gaming company. It is engaged in the ownership and operation of casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities.
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