MGM Resorts International
MGM Resorts shares rose 8.8% in the morning after JPMorgan upgraded the stock to Overweight from Neutral and raised its price target to $46 from $41. The article notes MGM’s volatility and cites BetMGM’s fiscal 2025 results: net revenue $2.8B (+33%) and EBITDA $220M, with $270M returned to parents and fiscal 2026 net revenue guidance of $3.1B–$3.2B.
Analysts issued multiple rating and price-target changes across Wall Street. JPMorgan upgraded Openlane to overweight and raised its Dec 2026 PT to $38; UBS upgraded Ecolab to buy with a $325 PT; Barclays upgraded SanDisk to overweight. Micron’s PT was raised to $1,175 by Barclays. JPMorgan upgraded FedEx to overweight ahead of late-June earnings.
Premarket movers: Zscaler shares fell over 23% after guiding current-quarter revenue to $875M–$878M vs $879M expected, despite fiscal Q3 adjusted EPS of $1.08 beating $1.01 and revenue of $850M beating $835M. Bath & Body Works rose 15% on better guidance; Semtech gained 7% on beats and upside outlook. Micron rose 7% after topping $1T market cap; Sandisk up 3% on Barclays upgrade.
