MGM Analyst Endorsement (MGM)

Posted in pre-market 
April 20th, 2010

MGM Mirage (NYSE: MGM) is trading higher this morning on an analyst upgrade that is actually an upgrade of semantics more than an upgrade of stature.  The casino operator was raised to the Conviction Buy List at Goldman Sachs, although the firm already had a Buy rating on MGM. For whatever it is worth, Credit Suisse resumed coverage with a Neutral rating and a $12 target.  At 8:34 AM EST we have shares up 3.35% at $14.50 on over 200,000 shares.  The 52-week range is $4.50 to $15.80.

JON OGG

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