It’s time to go all in on shares of MGM Resorts (MGM), contends Credit Suisse analyst Benjamin Chaikin. The analyst hiked his rating on the casino operator to out-perform from neutral on Tuesday, citing the market overlooking several key upside catalysts. “MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit. Pro forma, we see three drivers of upside: (1) a cleaner more simplified organization with a more… Source link
Read More »‘If you want to gamble, go to the casino’
“If you want to gamble, go to the casinos. This is not what the markets are for,” Loop Capital analyst Anthony Chukumba warned retail investors playing GameStop (GME). “This is not investing,” he told Yahoo Finance Live during Monday’s trading session. The video game retailer’s shares soared than 130% before coming back down and briefly going negative during a wild trading session on Monday. Shares were temporarily halted for trading throughout the morning following a crush on… Source link
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