MGM Reports Slow Growth, Concerns Remain

MGM Resorts International 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.