Nomura Securities Reiterates a 'Buy' on MGM Mirage (MGM); Positive Read Through From Wynn�s (WYNN) 1Q Results

Nomura Securities reiterates a 'Buy' on MGM Mirage (NYSE: MGM), PT $18.

Nomura analyst, Harry Curtis, says, "Positive read through from Wynn’s 1Q results. Wynn’s 18% y/y increase in Q1 Vegas ADR was stronger than expected and has positive read-through to 2 or 3 of MGM’s high-end and convention properties, which could be stronger than expected. Additionally, Wynn noted a room mix shift to higher quality customer segments which could provide a lift to MGM. In terms of Macau, 1Q trends look strong with Wynn Macau reporting EBITDA above consensus numbers. Specifically for MGM, we est strong VIP volume and above normal hold will lead to higher-than-expected EBITDA in Q1."

For more ratings news on MGM Mirage click here and for the rating history of MGM Mirage click here.

Shares of MGM Mirage closed at $13.30 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Nomura/Instinet Downgrades Tencent Music Entertainment Group (TME) to Neutral