BUZZ-MGM up after upbeat Q4 results, brokerages lift PTs

Reuters
13 Feb
BUZZ-MGM up after upbeat Q4 results, brokerages lift PTs

Feb 13 (Reuters) - ** MGM Resorts' shares MGM.N rise 10.3% premarket to $37.87 after casino operator's Q4 results beat estimates

** Stock will open at a more-than-two-month high, if gains hold through open

** At least five brokerages lift their price targets on stock

** Citigroup lifts PT to $50 from $48, saying MGM's U.S. operations' prospects could be better than expected

** Stifel raises PT to $50 from $47, saying MGM's bookings remain strong and that

** Brokerage adds MGM's free cash flow generation and development pipeline continue to be overlooked

** Up to last close, stock had fallen 0.8% YTD

MGM Resorts International earnings https://www.reuters.com/graphics/EARNINGS-AUTOMATED/MGM-N-20250212/lgpdjrgllpo/chart.png

MGM Resorts International revenue https://www.reuters.com/graphics/REVENUE-AUTOMATED/MGM-N-20250212/zjpqnxmnyvx/chart.png

(Reporting by Johann M Cherian)

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