Seaport Research analyst Vitaly Umansky upgraded MGM China (MCHVF) to Buy from Neutral with a HK$14.75 price target The firm cites the stock’s “cheap valuation” for the upgrade, saying MGM China’s share loss expectations are now fully baked in. The analyst sees continued return of capital via growing dividends.
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MGM China upgraded to Buy from Neutral at Seaport Research
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