BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes
أم جي أم ريزورتس إنترناشيونال +4.44% Pre
MGM Resorts International MGM | 38.36 38.36 | +4.44% 0.00% Pre |
** J.P. Morgan raises price target on MGM Resorts International MGM.N to $41 from $39
** New PT represents a 13% upside to stock's last close
** The company posted Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business
** Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516 million in buybacks boost MGM's free cash flow per share
** MGM gained 5.3% in 2025
