Wells Fargo Aggressive REIT Valuation Helps Support an Outperform Rating on MGM (MGM)
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MGM Resorts' (MGM) Strong Q3 Results Upstaged by REIT Announcement, Says Deutsche Bank
October 29, 2015 10:27 AM EDTDeutsche Bank maintained a Buy rating on MGM Resorts (NYSE: MGM) with a price target of $26. Comments follow strong Q3 results and news it plans to create a REIT. Analyst Carlo Santarelli called Q3 results "tremendous" though they ere upstaged by the REIT announcement.
"This morning MGM announced plans to create a REIT to be named MGM Growth Properties. MGM will contribute the... More
