Thursday, September 15, 2016 3:16:37 PM
MGM
Market Chatter: MGM Resorts Adds 1% on Positive Comments from Stifel, Reiterated at Buy
2:49 PM ET, 09/14/2016 - MT Newswires
02:49 PM EDT, 09/14/2016 (MT Newswires) -- MGM Resorts International (MGM) rose 1.3% in Wednesday's afternoon trade after positive comments from financial services holding company Stifel, according to a report from TheStreet.
The firm reiterated a buy rating on MGM stock after the casino operator's management held an investor lunch, the report added.
Stifel noted the management's report that non-gaming operations remain strong in Las Vegas, as well as encouraging gaming trends from both international and domestic customers. The firm also said that the company is already booked for 2017 at higher levels than typical in September.
Looking at the Macau market, the firm said it had sustained recent improvements, with certain regular VIP customers beginning to return, despite the VIP segment remaining challenged.
Market Chatter: MGM Resorts Adds 1% on Positive Comments from Stifel, Reiterated at Buy
2:49 PM ET, 09/14/2016 - MT Newswires
02:49 PM EDT, 09/14/2016 (MT Newswires) -- MGM Resorts International (MGM) rose 1.3% in Wednesday's afternoon trade after positive comments from financial services holding company Stifel, according to a report from TheStreet.
The firm reiterated a buy rating on MGM stock after the casino operator's management held an investor lunch, the report added.
Stifel noted the management's report that non-gaming operations remain strong in Las Vegas, as well as encouraging gaming trends from both international and domestic customers. The firm also said that the company is already booked for 2017 at higher levels than typical in September.
Looking at the Macau market, the firm said it had sustained recent improvements, with certain regular VIP customers beginning to return, despite the VIP segment remaining challenged.
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