MGM September 21st Options Begin Trading Monday, January 22, 12:50 PM ET, by Market News Video Staff Investors in MGM Resorts International (MGM) saw new options begin trading today, for the September ...
UBS upped its EPS estimates on shares of the Las Vegas Sands (NYSE:LVS) through 2011 as gaming activity in Singapore continues to be robust. The firm maintained its buy rating in the report and its price target of $44 per share. Based on the current stock price, UBS is looking for an additional 13% of upside with its price target.
Also gaining on the news is the Market Vectors Gaming ETF (AMEX:BJK), up 1.8% this morning. The ETF's largest position is the Las Vegas Sands, currently more than 12% of the portfolio. While the ETF holds many foreign holdings, it does hold many US-listed companies including MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN). For a full list of holdings, see the BJK Holdings page.
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