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Deutsche Bank: MGM Is 'Undervalued,' But REIT Conversion Is A 'Low Probability'
Tuesday, March 17, 2015 - 11:13am | 296In a report published Tuesday, Deutsche Bank analyst Carlo Santarelli commented on Land & Buildings' proposal to split MGM Resorts International (NYSE: MGM) into a REIT and C-Corp. "While we believe MGM shares are fundamentally undervalued and believe price discovery on the Strip...