Loading...
Loading...
In a note released September 16, FBR analyst, Jake Fuller explained that although it may not be time to step in just yet, Macau valuations are "starting to look interesting". Fuller suggests waiting until a "bottom" is more visible.
He commented, "With consensus estimate likely continuing to fall, little visibility on where Macau win may bottom and concern over labor cost inflation, the timing may not be right just yet."
On this point, Fuller says ongoing weakness in Macau is likely and noted the region may post its firstly quarterly decline in years.
Looking to a specific company, Fuller said MGM
MGM remains his top focus.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in