Morgan Stanley raised its price target for MGM Resorts International to $43 from $35 but maintained an "Underweight" rating, signaling expected underperformance. MGM is forecasted to report a year-over-year decline in earnings per share to $0.62 in its Q2 2026 earnings report, despite anticipated revenue growth. Adding to investor uncertainty, a law firm is investigating a $48.30 per share acquisition bid by board member Barry Diller for potential breaches of duty. These developments create a complex outlook for MGM shareholders as they await earnings results and acquisition updates.
Nightview Capital exited Meta, Intuitive Surgical, Shopify, and EchoStar, while increasing stakes in Las Vegas Sands, MGM Resorts, and Wynn Resorts, focusing on gaming and hospitality. They argue the market overreacted to AI risks in software, believ...
Maple Gold Mines Ltd. has appointed Alex Rodriguez as Senior Vice President of Corporate Development & Strategy, bringing over 15 years of experience in mining corporate development and M&A. The company also completed the acquisition of a 100% intere...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining MGM Resorts International stock. Diller, a board member and largest shareholder through People, Inc., faces scrutiny for potential conflicts of...
