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MGM Resorts International (NYSE:MGM) earnings estimates have been reduced by Deutsche Bank due to soft gross gaming revenue trends, and the firm decreased its price target for shares to $13 from $16. Deutsche is cautious on MGM shares into the company’s quarterly results, but it keeps a Buy rating on the stock.
Bristol-Myers Squibb Company (NYSE:BMY): According to Jefferies, the pullback in shares of Bristol-Myers due to the INX-189 study suspension is overdone and creates a buying opportunity. With the shares at current levels, Jefferies strongly recommends buying.
Fossil, Inc. (NASDAQ:FOSL) price target was decreased by Benchmark Co. before the company’s Q2 results because of international consumer concerns. The firm predicts that Fossil will report in-line results, and it reiterates its Buy rating on the stock.
Warner Chilcott plc (NASDAQ:WCRX) reported stronger than expected results and increased its guidance for 2012 causing Cantor Fitzgerald to believe that there is at least a 50 percent chance that the company will be acquired. The firm recommends buying the stock at current levels.
(:VAC): Following a meeting with Marriott Vacations’ management, Cantor thinks that the company’s healthy free cash flow is sustainable causing the firm to keep a Buy rating on the stock.
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