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6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'
MGM Resorts Is Maintained at Market Outperform by JMP Securities
MGM Resorts Intl Analyst Ratings
JMP Securities Maintains MGM Resorts International(MGM.US) With Buy Rating, Cuts Target Price to $56
Many Still Looking Away From MGM Resorts International (NYSE:MGM)
Lion: Predicts a 10% quarterly decline in Ebitda for Macau's third-quarter gambling industry. Preferred mgm china and Sands China.
Lyon's report states that Macau gambling stocks will start announcing third-quarter earnings at the end of October. Due to a 1.5% quarterly decline in Macau's gambling revenue and ongoing pressure on profit margins, the industry's Ebitda is forecasted to fall by 10% to $1.748 billion. The report indicates that due to the downward revision of profit margin forecasts, the bank will adjust the industry's 2024 to 2025 Ebitda forecasts by 1% to 3%. However, after the recent announcement of economic stimulus measures in the mainland, the bank expects a focus on recent operational updates rather than third-quarter earnings. Additionally, due to concerns over profit margin contraction being offset by an increase in market share, Lyon's