MGM Reports Slow Growth, Concerns Remain
By Benzinga Staff
July 28, 2010 8:27 AM
July 28, 2010 8:27 AM
Symbols: MGM
MGM Resorts International (NYSE: MGM) had a 2Q that afforded Citigroup to raise its EPS for MGM from 7% to 19%, due to improvements in condo sales, ADR, and debt and operating expenses, according to Citigroup.
Citigroup maintains its "sell" rating, but has raised the price target from $9 to $9.90.
MGM Resorts International closed yesterday at $11.15.
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