JPMorgan upgraded MGM Resorts International to Overweight following signs of stabilizing tourism in Las Vegas projected for early 2026. Despite previous challenges from slowing tourism impacting MGM's Las Vegas segment, the company’s other segments have grown, though with reduced profitability. The analyst estimates a 14% upside potential for MGM stock, targeting a price of $47.6. Investors should note the cautious optimism as improvements are still emerging and profitability concerns remain.
Shares of major travel companies like Delta, United, and MGM surged following a drop in oil prices, which eased fuel cost pressures on airlines. This optimism reflects investor hopes that the Iran war may be nearing an end, potentially stabilizing ai...
US stock markets paused near record highs as investors reassessed risks amid mixed earnings and geopolitical news. Cybersecurity stocks fell sharply after Zscaler issued disappointing forward guidance, dragging the sector down. Meanwhile, oil prices ...
