Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

UBS Warburg Upgrades MGM Mirage to 'Buy'

UBS Warburg upgraded MGM Mirage (MGG) to buy from hold.

Analyst Robin Farley says there was a recent pullback in the gaming group when the sector was hit with higher taxes in the Midwest. She says, after the pullback, MGM's valuation became more attractive than it was last autumn. She believes strong April sales and mixed May sales will help carry the second quarter even if June is weak. She says several discussions lead her to believe that July and August are shaping up as solid months on the Las Vegas strip.

Farley remains comfortable with her above-consensus $2.15 2002 earnings per share and $2.66 2003 EPS estimates. She has a $41.50 target.

blog comments powered by Disqus