Citadel Securities Upgrades MGM Mirage (MGM) to Add Following Recent Sell-Off
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Price: $44.10 +0.07%
Rating Summary:
23 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 15 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Citadel Securities upgraded MGM Mirage (NYSE: MGM) from Neutral to Add.
Citadel analyst says, "Given the recent weakness in many Asia-centric gaming companies, which we believe emanates from China growth concerns, we now find the shares to be increasingly attractive and worthy of new capital commitment. Thus, despite the potential for further headline-induced volatility, we are raising our ratings on MGM, Wynn Resorts (Nasdaq: WYNN) and Wynn Macau to Add, as we believe each has the potential to deliver investors double-digit returns."
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 $12.50 yesterday.
Citadel analyst says, "Given the recent weakness in many Asia-centric gaming companies, which we believe emanates from China growth concerns, we now find the shares to be increasingly attractive and worthy of new capital commitment. Thus, despite the potential for further headline-induced volatility, we are raising our ratings on MGM, Wynn Resorts (Nasdaq: WYNN) and Wynn Macau to Add, as we believe each has the potential to deliver investors double-digit returns."
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 $12.50 yesterday.
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