New analyst target is a +40.74% increase from previous target and +29.25% from yesterdays close.
MGM target today was raised from neutral to buy and new, upgraded target raised $19!!!
Just on the very conservative side, that should mean at least 2.43%-3.39% appreciation very quickly!!!
(15.05-15.20 Near Term Targets)
Translation...we are now on the hot buy list with the big boys and expect fund money to start moving in over the next day or two.
* Online Poker Approved for Nevada, MGM could enter very soon
* Improved Convention Attendance
* New City-Wide Attractions
* Property Improvements
* Higher Quality Events
May 9, 2013
07:35 EDT MGM MGM Resorts upgraded to Buy from Neutral at Sterne Agee
Sterne Agee upgraded MGM Resources citing evidence of a Las Vegas Strip recovery driven by improving convention attendance, new city-wide attractions, property improvements, and higher quality events. Price target raised to $19 from $13.50
Great market and economy getting better every quarter.