G Sachs Raises MGM CHINA (02282.HK) TP to $16.5 as First Quarter Results Beat

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G Sachs raises MGM CHINA (02282.HK) TP to $16.5 after improving first quarter results

MGM CHINA (02282.HK)’s first quarter 24 results exceeded expectations, Goldman Sachs said in a research report. Real estate EBITDA rose 14% quarter-over-quarter to $2.5 billion towards the top end of the year.

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