BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes

Reuters

Feb 06

BUZZ-J.P. Morgan ups <a href="https://laohu8.com/S/MGM">MGM Resorts</a> PT on growth in betting business, lower taxes

** J.P. Morgan raises price target on MGM Resorts International MGM.N to $41 from $39

** New PT represents a 13% upside to stock's last close

** The company posted Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business

** Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516  million in buybacks boost MGM's free cash flow per share

** MGM gained 5.3% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2609417598"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2609417598\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2609417598?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 20:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609417598","market":"nz","top_or_hot":-1,"title":"BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-J.P. Morgan ups <a href=\"https://laohu8.com/S/MGM\">MGM Resorts</a> PT on growth in betting business, lower taxes</title></head><body><p>** J.P. Morgan raises price target on MGM Resorts International <span>MGM.N</span> to $41 from $39</p><p>** New PT represents a 13% upside to stock's last close</p><p>** The company <span>posted</span> Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business</p><p>** Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516  million in buybacks boost MGM's free cash flow per share</p><p>** MGM gained 5.3% in 2025</p><p> (Reporting by Megavarshini G. Somasundaram in Bengaluru)</p><p> ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-06 20:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-J.P. Morgan ups <a href=\"https://laohu8.com/S/MGM\">MGM Resorts</a> PT on growth in betting business, lower taxes</title></head><body><p>** J.P. Morgan raises price target on MGM Resorts International <span>MGM.N</span> to $41 from $39</p><p>** New PT represents a 13% upside to stock's last close</p><p>** The company <span>posted</span> Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business</p><p>** Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516  million in buybacks boost MGM's free cash flow per share</p><p>** MGM gained 5.3% in 2025</p><p> (Reporting by Megavarshini G. Somasundaram in Bengaluru)</p><p> ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260206:nL4N3Z217T:1","article_id":"2609417598","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609417598","pubTimestamp":1770380263,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes** J.P. Morgan raises price target on MGM Resorts International MGM.N to $41 from $39** New PT represents a 13% upside to ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4150":"赌场与赌博","BK4561":"索罗斯持仓","BK4588":"碎股","BK4585":"ETF&股票定投概念","MGM":"美高梅"},"translate_title":"巴兹-J.P摩根因博彩业务增长和税收降低而提高米高梅度假村PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGM":0.9},"content_text":"BUZZ-J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes** J.P. Morgan raises price target on MGM Resorts International MGM.N to $41 from $39** New PT represents a 13% upside to stock's last close** The company posted Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business** Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516  million in buybacks boost MGM's free cash flow per share** MGM gained 5.3% in 2025 (Reporting by Megavarshini G. Somasundaram in Bengaluru) ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}