Something Is Breaking In Casino Stocks: MGM, Wynn Hit Record Losing Streaks
MGM, Wynn and Las Vegas Sands are falling together for the first time since March 2009, while SPY trades near a record. MGM has lost 40% in 15 weeks.
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RBC Capital analyst Jeffrey Reive maintains W.W. Grainger (NYSE:GWW) with a Sector Perform and lowers the price target from $1428 to $1427.
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MGM, Wynn and Las Vegas Sands are falling together for the first time since March 2009, while SPY trades near a record. MGM has lost 40% in 15 weeks.
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