MGM Resorts International Announces Increase To Profit Growth Plan Target To $400 Million

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Go back to MGM Resorts International Announces Increase To Profit Growth Plan Target To $400 Million

UBS Reiterates Buy on MGM Resorts (MGM) Following Analyst Day

June 20, 2016 7:45 AM EDT

UBS maintained a Buy rating and $29.00 price target on MGM Resorts (NYSE: MGM) following the company's analyst day. The company raised its near-term target for Profit Growth Plan to $400M, up from $300M by the end of 2017. Management also now expects Vegas margins to be in the low 30%s, up from 30% previously.... More