Monday, July 23, 2012

MGM Resorts: Maintaining Positive Outlook After Q1 Earnings (Long-Term Price Target: $24)

[First appeared on Seeking Alpha on May 4, 2012]

A few days ago, we presented our analysis of MGM Resorts International (MGM), which can be found here. We believe that MGM can reach $24.00 per share by 2014 based on a Las Vegas recovery, with additional upside from growth at MGM China, growth at CityCenter, potential legalization of online gambling and other opportunities.

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