Analysts cited the firm's improved liquidity position
MGM Mirage gets upgrade from J.P. Morgan
(US)- Analysts at J.P. Morgan lifted their rating on MGM Mirage on Monday to overweight from neutral and raised their year-end price target to us$ 11 from us$ 9.
2009-05-18
Reading time 8 seg
They cited the company's improved liquidity position after its recent capital raise as well as "really low" investor expectations for MGM's same-store Las Vegas Strip portfolio for 2009-2010.
Shares of MGM closed Friday at us$ 7.67.
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