On Wednesday, Shares of MGM Resorts International (NYSE:MGM), gained 2.80% to $22.36, as MGM Resorts International’s price target was raised to $26 from $25 at Deutsche Bank, which maintained its “buy” rating.
The firm also raised its 2015 earnings estimate to $0.50 from $0.43 per share, with its 2016 earnings estimate raised to $0.54 from $0.50 per share.
The firm continued to see a favorable backdrop for an extended domestic gaming given limited future supply, supportive inbound airlift capacity, and fresh amenities, according to the analyst note.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China.
Shares of PG&E Corporation (NYSE:PCG), declined -0.31% to $51.83, during its last trading session.
PG&E Corporation, has declared that, subject to the planned close of the sale of about $350 million of its common stock through a registered underwritten public offering to Wells Fargo Securities, LLC, it has accomplished its presently planned market issuances of equity for calendar year 2015. The proceeds from the offering when combined with the anticipated equity raised through its internal programs, which comprise its 401(k) and dividend reinvestment program, will satisfy the company’s predictable equity needs for the remainder of 2015.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.
Finally, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with -0.36% loss, and closed at $11.20.
Cypress Semiconductor Corporation declared that its Board of Directors has approved a quarterly cash dividend of $0.11 per share payable to holders of record of the Company’s common stock at the close of business on September 24, 2015. This dividend will be paid on October 15, 2015.
The dividend will be paid from U.S. domestic sources other than the Company’s retained earnings and is predictable to be treated as a return of capital for U.S. tax purposes for the 2015 fiscal year. Cypress’s dividend policy and the payment of cash dividends under that policy are subject to the Board’s ongoing determination that the dividend policy and the declaration of dividends are in the best interests of Cypress’s stockholders and are in compliance with all laws and agreements of Cypress applicable to the declaration and payment of cash dividends. The dividend policy may be changed or cancelled at the Company’s discretion at any time.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
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