Citi: Raises target price of MGM China to 13.5 Hong Kong dollars, ranked as industry top pick, maintains "Buy" rating.

J.P. Morgan released a research report stating that it slightly raised the target price for MGM China by 3.8%, from 13 Hong Kong dollars to 13.5 Hong Kong dollars, while maintaining a "buy" rating. Morgan Stanley increased its EBITDA forecast for MGM by 3% for the 2025-2026 fiscal year and confirmed it as the industry's top pick. The target price was raised to reflect a potential return of over 40%.