In a note released Monday morning, Bank of America analyst Shaun Kelly reiterated a Buy on MGM Resorts International MGM and left his $33.50 price objective unchanged.
The reiteration comes following a meeting with MGM executives in which Kelley came away "continuing to believe MGM has a big recovery opportunity in Las Vegas."
Looking to Las Vegas, Kelley noted that MGM is seeing healthy revenue growth in both baccarat ad non-baccarat tables and should benefit from the re-opening/re-branding of Delano in September.
For 2014-2016 Kelley is estimating a non-GAAP EPS of $0.64, $0.73 and $1.07, respectively.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
