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<Research>JPM Adds MGM CHINA (02282.HK) TP to $18.5, Rating Overweight
Recommend 4 Positive 6 Negative 1 |
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JPMorgan issued a research report raising its 2024-2025 EBITDA forecasts by 5% to reflect better-than-expected operating expense control in 1Q24, after MGM CHINA (02282.HK) released its 1Q24 results. JPMorgan added its target price on the Group from $18 to $18.5, which, on a consolidated basis, is equivalent to 12-13x of projected 2024 EV/ EBITDA, with rating at Overweight. JPMorgan listed MGM CHINA as one its top picks among casinos. AAStocks Financial News |
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