J.P. Morgan Previews MGM Resorts' Q4 10 Earnings (MGM)

J.P. Morgan is out with its report today on MGM Resorts

, previewing Q4 10 earnings. In a note to clients, J.P. Morgan writes, "We are forecasting 4Q EBITDA after corporate expense of $297 million. Our property-level EBITDA estimates are $232m, $65m, and $39m for MGM's LV Strip assets, regional assets (Mississippi, Detroit, Other Nevada), and the JV earnings line item, respectively." J.P. Morgan maintains Overweight and an $18 PT on MGM. At the time of posting, shares of MGM were trading at $15.76, down 0.13% from Thursday's close.