UPDATE: Brean Murray Carret Raises MGM's PT - MGM Resorts International (NYSE:MGM)

According to a research report published earlier today, Brean Murray Carret has increased MGM Resorts International's (NYSE:

MGM

) PT from $15 to $17 as trends continue to improve on the Strip. “We are raising our 4Q EBITDA and EPS estimates $15MM and $0.03 to $445MM and ($0.19) which compares to Consensus of $430MM and ($0.19). Room revenue for the Strip increased about 15% in 4Q while gaming revenue grew 9%. Citywide trends should lead to over 20% YoY growth for MGM's Las Vegas properties, which would be the best YoY performance since the beginning of the economic recovery,” Brean Murray Carret commented in the report. Brean Murray Carret maintains its Buy rating on MGM, which closed Friday at $14.66.

MGMMGM Resorts International

$36.39-0.98%

Overview

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.