Casinos & Gaming

Bank of America has lowered the price objective on MGM Resorts (NYSE: MGM) from $20 to $17 and maintains its Buy rating.

Citi is out with its report today on MGM Resorts International (NYSE: MGM), lowering its PT to $13.50 from $16. In its report, Citi writes, "Reflecting our trimmed forecasts from macro concerns, we are tweaking our 11-13 EPS estimates. However, due to low base effects, this hits EPS by up to 83%....

Sterne Agee has published a report on MGM Resorts (NYSE: MGM) raising the price target. In the report, Sterne Agee wrote, "After delivering on a telegraphed beat, we believe the question becomes clarity on domestic consumer trends beyond a little more than the first month of 3Q11. Management...

Rodman & Renshaw reiterated its Market Perform rating on MGM Resorts International (NYSE: MGM). At the same time, the rating agency reduced its price target on the company's stock from $13 to $12. On Monday, MGM closed the day at $11.54. Its shares added 3.55% to their value in today's pre-...

Citigroup has lowered the price target on MGM Resorts (NYSE: MGM) from $16 to $13.50 and maintains its Hold rating.

Credit Suisse is out with a research report on MGM (NYSE: MGM) and is lowering its price target to $10 from $11, and is keeping its Underperform rating. In a note to clients, Credit Suisse writes, "MGM reported 2Q11 adjusted EBITDA of $366m versus consensus of $351.5m and our estimate of $340.6m....

Citi has published a report on Wynn Resorts (NASDAQ: WYNN) upgrading the company's stock from Sell to Hold and lowering the price target. In the report, Citi wrote, "Based on our channel checks, Macau total gross gaming revenue (including slots) through the first seven days of August amounted to ~...

Morgan Stanley is out with a research report on MGM Resorts (NYSE: MGM) and it has an Equalweight rating and a $17 price target on shares after it reported earnings. In a note to clients, Morgan Stanley writes, "MGM reported stronger than expected 2Q EBITDA (the first consecutive beat since '07)...

J.P. Morgan is out with its report today on MGM Resorts International (NYSE: MGM), maintaining Overweight. In its report, J.P. Morgan writes, "We stay Overweight here given our views that a gradual LV Strip recovery can be sustained given LV's value proposition (cheaper than other destinations for...

This is your Benzinga news summary and traders' outlook for Tuesday, August 9, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are set for another volatile morning as traders wait for the Federal Reserve's...

FBR Capital upgraded Wells Fargo & Company (NYSE: WFC) from “market perform” to “outperform.” WFC's shares closed at $22.93 yesterday. Wells Fargo's PEG ratio is 0.64. Citigroup upgraded Wynn Resorts Ltd (NASDAQ: WYNN) from “sell” to “hold.” WYNN's shares closed at $126.91 yesterday. WYNN's...

Sterne Agee has raised the price target on MGM Resorts (NYSE: MGM) from $14 to $15.50 and maintains its Neutral rating.

Citigroup has upgraded Wynn Resorts (NASDAQ: WYNN) from Sell to Hold and has lowered the price target from $133.50 to $133.

US stock futures are mixed this morning, as investors are awaiting the Federal Reserve's statement on monetary policy. Futures for the Dow Jones Industrial Average dipped 13 points to 10,713.00 and S&P 500 index futures rose 0.50 points to 1,111.80. Nasdaq 100 futures gained 2.50 points to 2,...

Below are the top small-cap gaming activities stocks on the NYSE and the NASDAQ in terms of cash. Scientific Games Corp (NASDAQ: SGMS) had $118.59 million in total cash and $1.39 billion in total debt for the latest quarter. Churchill Downs Incorporated (NASDAQ: CHDN) had $31.03 million in total...