MIR Play-by-Play from Briefing.com:
Jan 2 2002
6:48 AM In Play Edison Intl (EIX) 15.10: Receives notice from Mirant (MIR) that it is terminating the purchase agreement for the acquisition of 50% of EcoElectrica, a power project located in Puerto Rico. Edison does not agree that Mirant has the right to terminate the agreement and is reviewing its alter.
Dec 21 2001
7:55 AM In Play B of A on Energy : Banc of America Securities is more positive on diversified energy companies after swift recapitalizations by several companies and a Moody's conference call in which the agency couldn't point to any fundamental reasons for its downgrades; B of A says the Moody's call demonstrated that its recent downgrades were the result of confusion and have led to a significant loss of credibility for Moody's. Note mentions DYN, MIR, EPG, and CPN.
Dec 20 2001
10:32 AM In Play Mirant (MIR) 14.00 -2.07 (-12.9%): -- Update -- Announces that underwriters elected to purchase an additional 6 mln shares, above the 40 mln shares previously announced. The deal priced at $13.70. As a result of the additional shares sold, MIR is reducing its 2002 earnings range to approx. $1.90-$2.00 from the $2.00-$2.10 range announced earlier this morning.
Dec 20 2001
8:25 AM In Play Mirant (MIR) 16.07: -- Update -- Salomon Smith Barney downgrades to NEUTRAL from Buy and slashes price target to $13 from $32; says last night's Moody's downgrade will materially affect company's trading operations; cuts FY02 estimate to $2.10 from $2.45, in line with company's new guidance of $2.00-2.10.
Dec 20 2001
7:53 AM In Play Mirant (MIR) 16.07: -- Update -- Company's conference call begins at 8:00; the dial in number is 888-763-1481.
Dec 20 2001
6:54 AM In Play Mirant (MIR ) 16.07: Co announces that it is taking immediate action to strengthen its balance sheet and restore mkt confidence. Plans include a 40 mln stk offering, 40% reduction ($1.5 bln) reduction in 2002 capital budget, $1.6 bln in asset sales. For 2001, MIR is maintaining guidance of at least $1.95. However, 2002 outlook is reduced to $2.00-$2.10 (consensus $2.56). Last night, Moody's downgraded Mirant debt to junk status, causing stk to fall 13% in after hours.
Dec 14 2001
2:19 PM In Play Mirant (MIR) 16.40 -1.95 (-10.6%): Energy co expects to end this yr with over $1 bln of available cash and credit lines. MIR currently has approx. $1.5 bln in available cash and credit lines. In light of recent investor concerns over credit ratings issues, co reiterated that it has no ratings related accelerations in its current corporate facilities. MIR plans to conference call Dec. 20 to discuss its business outlook and the impact of current market conditions on capital spending plans.
Dec 12 2001
12:12 PM In Play NRG Energy (NRG) 11.23 -1/49 (-11.7%): One of several energy company's under heavy selling pressure today: CPN (-20%), MIR (-13.5%), DYN (-12%), WMB (-9.5%). NRG says it is not aware of any reasons specific to NRG to explain the current stock market activity. Plans to affirm its sound business model and practices later today in a press release.
Dec 10 2001
12:08 PM In Play Power Downgrade : Unregulated power sub-sector under pressure this morning after pre-market downgrade by Morgan Stanley to Mkt Weight from Overweight. Firm also resetting ratings on all stocks in the group (CPN, MIR, NRG, RRI) to Neutral. According to firm, incremental news flow is negative, EPS in '03 is uncertain, and risks are high.
Nov 14 2001
12:50 PM In Play Mirant (MIR) 28.13 -0.77 (-2.7%): Banc of America believes that MIR should be one of the primary beneficiaries of the ENE meltdown, and should be able to capture more market share during shakeout. Stock has fallen in sympathy with ENE, and BofA views MIR's current low valuation as buying opportunity. Reiterates Strong Buy rating and PT of $40.
Oct 29 2001
10:01 AM In Play Earnings Movers : Amarin Corp (AMRN +10.2%) reported Q3 earnings per ADR of $0.28 vs yr-ago net of $0.07 (no estimates available)... Accredo Health (ACDO +2.2%) posted Q1 EPS of $0.22 a share, $0.02 above consensus... Mirant (MIR +1.3%) made $0.67 for its Q3, topping consensus by $0.02 a share.
Jun 28 2001
7:59 AM In Play Lehman Uncommon Values : Briefing.com is hearing from sources at Lehman Brothers that the firm's 10 Uncommon Values list has been released and includes the following: Bed, Bath Beyond (BBBY 29.05), Cisco (CSCO 17.93), Comcast (CMCSK 42.50), Concord EFS (CEFT 54.04), Waste Mngmt (WMI 29.70), Alcoa (AA 38.46), Harley Davidson (HDI 48.03), Mirant (MIR 33.90), Wash Mutual (WM 36.81), and Liberty Media (LMGA 16.00).
Apr 6 2001
3:24 PM In Play Pacific Gas Exposure : Morgan Stanley puts the exposure of each generator to California at the following: DUK - $400 mln... MIR -$385 mln... REI --$370 mln... CPN - $300 mln... DYN - $300 mln... NRG -$217 mln.
Apr 6 2001
9:03 AM In Play California Power : Contrary to a CNBC report, nothing in Gov Davis's speech last night was positive for wholesale energy cos such as DKE, WMB, and MIR. Davis said that these companies were 'ripping off' the state and that the state would continue to pursue legal remedies. Also, the proposed rate hikes affect only retail prices, and might even have the effect of reducing wholesale prices if they lead to reduced usage.
Mar 28 2001
6:44 AM In Play S&P 500 Changes : Fiserv Inc. (FISV) will replace Old Kent Financial (OK) in the S&P 500 Index after the close of trading on March 30. Mirant Corp (MIR) will replace Briggs & Stratton (BGG) in the S&P 500 Index after the close of trading on April 2.
Mar 27 2001
10:30 AM In Play Sector Watch: Utility : One of the best performing sectors today with new 52-wk highs being established by MDU (+2.33 ), ORN (+0.96 ), and MIR (+0.94 ).
MIR formerly listed as SOE
Date (ET) Archive Article
Jan 10 2001
3:13 PM In Play California Energy Crisis : Goldman Sachs believes that there is significant upside to the Independent Power Producers; does not believe specifics of the deal are important for the IPPs as long as the utilities are kept solvent.... Firm ranks the stocks in this order: CPN (15 pts of upside), NRG (5-7 pts upside), SOE (5-7 pts upside), DYN (10 pts upside); would be a buyer ahead of resolution of issue.
Oct 20 2000
3:20 PM In Play Quiet Period Expirations : The post-IPO quiet period ends for the following companies on Monday: ASR, AVGO, COSN DRRX, EDEN, HYDL, SOE, UOPX, VAST.
Sep 27 2000
10:16 AM In Play Southern Energy (SOE) 28 1/4 +5 1/4: Shares of energy services company trade up more than 20% from $23 offering price. The 58 mln share IPO was led by Goldman Sachs. Company is being spun off from The Southern Company (SO).... Stock opened for trading at $28 1/4.
May 30 2000
8:03 AM In Play American Power Conversion (APCC) 30 7/8: Designer of protection and management solutions to replace Mirage Resorts (MIR) in the S&P 500 Index after the close of trading on Wednesday, May 31.
Mar 6 2000
4:36 AM In Play MGM Grand Inc (MGG) 19: According to the WSJI this casino and hotel operator has raised the value of its bid for Mirage Resorts Inc (MIR: 15 7/8) from $17 per share to $21 per share citing people close to the situation.
Feb 25 2000
6:53 AM In Play Mirage Resorts (MIR) 14 3/16: WSJ reporting that Park Place Entertainment Corp. (PPE) and Harrah's Entertainment (HET) are making serious financial calculations to determine whether a bid, which would compete against MGG's bid for MIR, is feasible.
Feb 23 2000
8:38 AM In Play MGM Grand (MGG) 40 3/8: Casino and hotel operator makes $17 per share bid for Mirage Resorts (MIR 10 7/8).
Feb 4 2000
9:02 AM In Play Gaming Stocks : Prudential upgrades the following casino and gaming stocks from ACCUMULATE to BUY: WMS, STN, SLOT, SIH, PPE, PLAY, MIR, MGG, MBG, IGT, HPK, HLT, HET, BYD, AZR, ALLY and AGP. Large capacity increases have intensified seasonality and Las Vegas is entering its strongest seasonal period in late January through May.
Jan 21 2000
3:29 PM In Play Earnings Monday : Before the open Monday, the following companies will report earnings: BEL, BMY, EK, XOM, GDEN, LXK, MIR, MRO, X and WHIT. For a more complete list, see our Earnings Calendar.
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Short Notes from Briefing.com:
Dec 21 2001
9:35 AM Shorts Mirant (MIR) 14.15 +0.16: -- Before Open -- CSFB downgrades intermediate-term rating to NEUTRAL from Buy and price target of $45, cites Moody's downgrade of company credit ratings, which could cost the MIR's marketing and trading arm $600-$700 mln in collateral requirements in 02. Credit downgrade surprising, as MIR was not on Credit Review; and downgrade was two notches. Firm believes Moody's action was result of dissatisfaction with company's restructuring plan, and carries long-term implications, recommends a step to the sideline until downgrade's impact to earnings is clear.
Dec 20 2001
2:29 PM Shorts Mirant (MIR) 13.98 -2.09: -- Morning Note -- Moody's downgrade of MIR's unsecured debt to below investment grade prompted analysts to reconsider/defend their views of the company. Salomon Smith Barney downgrades MIR to NEUTRAL from Buy; firm's principal concern is that the Moody's downgrade will materially affect MIR's trading operations. Merrill Lynch downgrades MIR to near-term NEUTRAL/long-term BUY from near-term BUY/long-term STRONG BUY; sees the most serious ramifications at MIR's trading arm; expresses surprise over the downgrade as the company was not on Credit Review; firm notes that MIR has remained investment grade with S&P and Fitch. In an intraday note, Wachovia defends MIR following the company's conference call; mgmt announced a series of actions to strengthen its balance sheet; Wachovia rates the shares a Buy and would encourage buying into near-term weakness.
Nov 29 2001
3:11 PM Shorts Impact of ENE Demise : -- Before Open -- The termination of the ENE/DYN deal as well as the rapid demise of ENE prompted a plethora of analyst takes on other industry players: Bank of America believes sector fundamentals remain strong; their top picks are DYN (volatile in the near-term but bullish in the long-term), MIR, and WMB; ABN AMRO would use expected weakness in the near-term to buy power companies; ETR is named as an excellent choice; CIBC sees ENE's problems as a positive for CAMZ [for which it competes in the same energy trading software market]; would buy on weakness.
Oct 29 2001
9:56 AM Shorts Mirant (MIR) 27.90 +0.45: -- Before Open -- Reports Q3 (Sep) earnings of $0.67 per share, $0.02 better than the Multex consensus of $0.65; revenues rose 95.2% year/year to $8.18 bln vs the $9.16 bln consensus; expects FY02 (Dec) earnings per share of $2.55-2.65 vs consensus of $2.57; see press release.
Sep 17 2001
10:06 AM Shorts Mirant (MIR) 24.41 -0.84: Company issues upside preannouncement for Q3 (Sep), expecting at least $0.65 vs current First Call consensus of $0.61; company is forecasting FY01 EPS of at least $1.95, First Call consensus is $1.94; also, announces that its Board of Directors approved the repurchase of up to 10 mln shares of its common stock, effective immediately; see press release.
Jul 31 2001
4:37 PM Shorts Mirant (MIR) 30.93 -0.75: Reports Q2 earnings of $0.52 a share, $0.06 better than the First Call consensus of $0.46; company warns for for fiscal year 2001; sees full year earnings of $1.90 vs current EPS estimate of $1.93; see press release.
Jun 26 2001
9:22 AM Shorts Mirant (MIR) 31: Announces that it expects to meet its previously announced Q2 (Jun) and FY01 (Dec) earnings guidance and its projected growth target for 2002; also announces that it is in the advanced stage of selling its Chilean asset, EDELNOR S.A; see press release.
Jun 18 2001
4:18 PM Shorts FERC Price Controls : Dow Jones reporting that FERC (Federal Energy Regulatory Commission) has expanded its price controls on California wholesale energy to cover the entire West, and to apply 24 hours a day, not just in emergencies. Decision could affect generators such as DUK, MIR, DYN, and CPN.
Jun 1 2001
3:30 PM Shorts Mirant (MIR) 38.57 -0.73: Company announces a commitment for a $3 mln investment in Cheng Power Systems; the investment is a first for Mirant since the inception of its venture capital group in January 2001; see press release.
Mar 27 2001
5:51 PM Shorts S&P 500 Changes : FIserv Inc. (FISV) will replace Old Kent Financial (OK) in the S&P 500 Index after the close of trading on March 30. Mirant Corp (MIR) will replace Briggs & Stratton (BGG) in the S&P 500 Index after the close of trading on April 2. Fifth Third Bancorp (FITB) is acquiring Old Kent Financial. Southern Co. (SO) is spinning off its 80.3% ownership stake in Mirant to Southern Co. shareholders.
Mar 14 2001
4:34 PM Shorts Mirant (MIR) 25.06 -0.69: Company issues upside preannouncement for Q1; sees EPS of $0.46-0.48; current EPS estimate is $0.22. Mirant also raised its full year guidance to a range of $1.55 to $1.60 per share, up from $1.15 to $1.20 per share as previously projected. Company cites strong growth from North American business unit, which combines power and natural gas assets with risk management and energy marketing; see press release.
MIR formerly listed as SOE
Date (ET) Archive Article
Jan 19 2001
9:17 AM Shorts Southern Energy (SOE) 23 3/8: Reports Q4 earnings of $0.20 a share, $0.05 better than the First Call consensus of $0.15, vs year-ago earnings of $0.16; revenues rose 1332.1% to $7.93 bln from a year-ago of $0.55 bln; see press release.
Jan 19 2001
9:15 AM Shorts Southern Co (SO) 27 5/8: Reports Q4 earnings of $0.21 a share, $0.03 worse than the First Call consensus of $0.24, vs year-ago earnings of $0.22; revenues rose 290.9% to $10.23 mln from a year-ago of $2.62 mln. Company also announced it will become Mirant Corporation (MIR); see press release.
Jan 10 2001
3:00 PM Shorts Energy Stocks : Goldman Sachs advises investors to buy ahead of the resoultion of the California energy crisis; says the specifics of the deal are not important for the IPPs (Independent Power Producers) as long as the deal keeps the utilities solvent; thinks there is a huge upside to the energy names given a resolution and ranks them in order: 1)Calpine (CPN)-15 point upside 2)NRG Energy (NRG)-5 to 7 point upside 3)Southern Energy (SOE)-5 to 7 point upside 4)Dynergy (DYN)-10 point upside.
Oct 26 2000
3:43 PM Shorts Southern Energy (SOE) 24 1/8 -15/16: Merrill Lynch initiates coverage with a NT ACCUM/LT ACCUMULATE. Says most important source of earnings growth is development of new plants and additions to existing facilities. Brokerage firm initiating coverage participated in underwriting the recent IPO.
Oct 24 2000
12:31 PM Shorts Southern Energy (SOE) 28 -7/8: -- Update -- Goldman Sachs initiates coverage with a MARKET OUTPERFORM rating and price target of $35; believes SOE's growth will be driven by U.S. acquisitions, brownfield expansion in the U.S., greenfield development (both U.S. and Europe), marketing and trading, and asset control strategies; Goldman Sachs participated in underwriting recent IPO.
Oct 24 2000
10:15 AM Shorts Southern Energy (SOE) 28 5/16 -9/16: Salomon Smth Brny initiates coverage with a BUY rating and price target of $37; says SOE is one of leading competitive power companies with a solid presence in the United States, Europe, and Asia; also robust industry growth outlook, driven by deregulation, combined with SOE’s solid re-positioning, suggests long-term 25% earnings growth.
Sep 27 2000
10:27 AM Shorts Southern Energy (SOE) 28 5/8 +3/8: Global energy company opens at 28 1/4 after pricing 58 mln shares at $23.
May 30 2000
8:08 AM Shorts American Power (APCC) 30 7/8: Company to be added to the S&P 500 replacing Mirage Resorts (MIR) which is being acquired by MGM Grand (MGG)
Apr 28 2000
8:48 AM Shorts Starwood Hotels (HOT) 26 7/16: Company to sell their historic Las Vegas Desert Inn Hotel & Casino to outgoing Mirage (MIR) CEO, Steve Wynn, who will leave MIR upon completion of their merger with MGM Grand (MGG). Purchase price was approximately $270 mln in cash.
Apr 10 2000
9:09 AM Shorts MGM Grand (MGG) 27 1/16: DLJ raises estimates based on strong Q1 business trends and a favorable assessment of the earnings accretion and value-creation opportunities likely to stem from the company's pending acquisition of Mirage Resorts (MIR). FY00E raised from $1.25 to $1.30 and our FY01E from $1.50 to $1.55.
Mar 6 2000
1:42 PM Shorts MGM Grand (MGG) 19 3/8 +3/8: Prudential upgrades to STRONG BUY from ACCUMULATE and sets price target of $28 following announcement that it will buy Mirage Resorts (MIR) for $21 per share in cash; believes this combination makes tremendous strategic sense. Also, Pudential downgrades MIR (18 11/16 +2 13/16) to ACCUMULATE from STRONG BUY to reflect the lower appreciation potential.
Feb 29 2000
5:46 PM Shorts Mirage Resorts (MIR) 15 3/4 +3/16: Board of casino and hotel operator says that MGM Grand's (MGG 19 7/8 -5/16) $17 per share unsolicited offer is inadequate; see press release ....
Feb 25 2000
10:06 AM Shorts Mirage Resorts (MIR) 14 11/16 +1/2: Robertson Stephensdowngrades from LT ATTRACTIVE to MARKET PERFORMER saying a rejection of MGM Grand's (MGG) $17 per share offer would lead to a swift sell off; analyst does not believe MIR will accept the offer.
Feb 24 2000
11:27 AM Shorts Mirage Resorts (MIR) 14 1/16 -7/16: Schroder & Co. downgrades from OUTPERFORM to PERFORM-IN-LINE with a $16 price target following surprise $17 bid from MGM Grand (MGG 38 13/16 -3).
Feb 23 2000
9:49 AM Shorts MGM Grand (MGG) 39 1/4 -1 1/8: Casino and hotel operator makes $17 per share bid for Mirage Resorts (MIR 14 9/16 +3 11/16); shareholders would be able to choose to receive all cash, or a combination of $7 cash per share and MGG stock valued at $10 per share; see press release .
Jan 21 2000
10:42 AM Shorts Mirage Resorts (MIR) 15 7/16 - 1/2: CIBC World Markets upgrades casino and hotel operator from 'hold' to 'buy' based on a turnaround in the two Las Vegas properties as well as Mississippi; expect a strong Q4; price target is $22.....
Dec 7 1999
10:02 AM Shorts Mirage (MIR) 14 1/2 +15/16: Lehman Bros upgrades casino/hotels operator from "neutral" to "buy" as they believe all the bad news has been factored into the shares and Las Vegas properties are trending above plan; Q4 EPS estimate goes from $0.19 to $0.21, bringing FY99 from $0.72 to $0.73; FY00 is raised from $0.90 to $1.00 based on greater expectations for Bellagio, Monte Carlo and Treasure Island; price target is $19.....
Dec 3 1999
11:16 AM Shorts Mirage Resorts Inc. (MIR) 13 1/2 +5/8: BancBoston Robertson Stephens upgrades casino/hotel operator from "market perform" to "buy" with a $16-17 price target on their belief that returns and margins in Las Vegas will improve.....
Nov 11 1999
10:19 AM Shorts Mirage Resorts Inc. (MIR) 11 15/16 -9/16: hotlel and gaming company downgraded at Bear Stearns from "attractive" to "neutral".....
Oct 19 1999
10:08 AM Shorts Mirage Resorts (MIR) 13 5/16 -9/16: --UPDATE-- CIBC World Markets cuts estimates on casino operator after a disappointing quarter, coupled with increasing real competition from other Las Vegas resorts; they see MIR as fully valued at $11-$14 FY99 goes from $0.79 to $0.65 and FY00 from $0.94 to $0.73.....
Oct 19 1999
9:03 AM Shorts Mirage Resorts Inc. (MIR) 13 7/8: CSFB downgrades casino-based entertainment resorts operator from "buy" to "hold" after the company missed Q3 earnings forecasts by four cents due to greater than expected expenses at the company’s Bellagio and Beau Rivage facilities.....
Oct 13 1999
12:27 PM Shorts Mirage Resorts Inc. (MIR) 14 9/16 +11/16: JP Morgan upgrades casino company from "market perform" to "buy" as capacity growth in Las Vegas and Mississippi are expected to slow dramatically over the next three years and the gaming industry's fundamentals are clearly improving.....
Sep 16 1999
9:28 AM Shorts Mirage Resorts (MIR) 14: Bear Stearns upgrades casino and gaming company from "neutral" to "attractive".....
Sep 7 1999
12:47 PM Shorts Mirage Resorts (MIR) 12 1/8 -5/8: CFO Dan Lee has resigned at the request of Chairman and CEO Steve Wynn; see press release .....
Aug 13 1999
11:02 AM Shorts Mirage Corp. (MIR) 14 1/8 +1: Banc of America upgrades gaming company from "market perform" to "buy" as outlook for gaming sector is bullish based on 20% decline since May.....
Jul 8 1999
2:24 PM Shorts Mirage Resorts Inc. (MIR) 15 3/16 -7/16: Ladenburg Thalmann downgrades casino resort operator from "buy" to "hold"; the company warned of a Q2 earnings shortfall on July 1.....
Jul 7 1999
3:18 PM Shorts Mirage Resorts Inc. (MIR) 15 7/16 -5/16: BancBoston Robertson Stephens maintains long-term "attractive" rating on gaming company; raises FY99 EPS estimate from $0.70 to $0.72 and FY00 EPS from $0.90 to $0.95.....
Jul 2 1999
10:04 AM Shorts Mirage Resorts Inc. (MIR) 16 3/4 delayed: --UPDATE-- Banc of America Securities downgrades gaming company from "buy" to "hold" after MIR issues an earnings warning.....
Jul 2 1999
9:53 AM Shorts Mirage Resorts Inc. (MIR) 16 3/4 delayed: --UPDATE-- shares of this casino/resort operator will see some selling when it opens after yesterday's earnings warning; Donaldson, Lufkin, Jenrette downgrades issue from "top pick" to "market perform"; DB Alex. Brown cuts its rating from "buy" to "market perform"; Bear Stearns also downgrades from "attractive to "neutral" ; the issue is indicated to open around 13 3/4.....
Jul 1 1999
6:04 PM Shorts Mirage Resorts Inc. (MIR) 16 3/4 unch: gaming company is warning that it expects Q2 earnings of approximately $0.07 to $0.10 per share, well below the First Call mean estimate of $0.24; total revenues are expected to have risen approximately 82%; blames several factor for earnings miss including unusually low company-wide table games win percentage; the opening of Beau Rivage in Biloxi, Mississippi; a major room refurbishment project at its Treasure Island resort; and the opening of two new competitors in the Las Vegas market; see press release.....
May 27 1999
10:25 AM Shorts Mirage Resorts Inc. (MIR) 19 5/16 unch: casino operator is upgraded by BancBoston Robertson Stephens from a "market performer" to a "long term attractive"; 12 month price target is $24.....
May 20 1999
10:13 AM Shorts Mirage Resorts Inc. (MIR) 21 -1/8: DLJ is lowering estimates for Q2 from $0.31 to $0.25 and FY99 from $1.19 to $1.13 based on low April hold percentage at the Bellagio and lower than anticipated EBITDA at the Beau Rivage; they continue to rate the issue a "top pick" and have a $30 target price.....
Apr 27 1999
1:19 PM Shorts Mirage Resorts Inc. (MIR) 23 3/8 -1/8: Prudential Securities downgrades owner and operator of hotels and casinos from "strong buy" to "accumulate"......
Mar 19 1999
3:14 PM Shorts Mirage Resorts Inc. (MIR) 21 5/8 -3/8: Schroder & Co. downgrades owner and operator of hotels and casinos from "outperform significantly" to "outperform".....
Feb 23 1999
1:00 PM Shorts Mirage Resorts (MIR) 20 -11/16: --UPDATE-- McDonald & Co. upgrades owner and operator of hotels and casinos from "hold" to "buy".....
Feb 23 1999
11:00 AM Shorts Mirage Resorts Inc. (MIR) 20 1/8 -9/16: Raymond James downgrades owner and operator of hotels and casinos from "buy" to "neutral".....
Feb 22 1999
1:00 PM Shorts Mirage Resorts Inc. (MIR) 19 3/4 +1: --UPDATE-- NB Montgomery Securities upgrades owner and operator of hotels and casinos from "hold" to "buy".....
Feb 10 1999
1:00 PM Shorts Mirage Resorts Inc. (MIR) 15 1/4 +15/16: DLJ upgrades owner and operator of hotel and casino properties from "market perform" to "top pick".....
Jan 22 1999
12:00 PM Shorts Mirage Resorts Inc. (MIR) 14 -3/4: Merrill Lynch downgrades hotel and casino operator from near-term "buy" to "neutral".....
Dec 11 1998
10:00 AM Shorts Mirage Resorts Inc. (MIR) 14 3/8 -3/8: Morgan Stanley Dean Witter initiates coverage of hotel and casino operator with "neutral".....
Nov 10 1998
9:30 AM Shorts Mirage Resorts Inc. (MIR) 18 11/16 delayed: Goldman Sachs downgrades owner and operator of casinos and hotels from "trading buy" to "market outperform" rating as opening of Bellagio casino has passed, removing original catalyst; lowers 1998 EPS estimate from $0.95 to $0.85 a share and 1999 EPS from $1.45 to $1.25 a share.....
Aug 25 1998
11:00 AM Shorts Mirage Resorts Inc. (MIR) 17 3/8 +5/16: Lehman Brothers initiates coverage of hotel and casino owner and operator with "neutral".....
Aug 4 1998
7:11 AM Shorts Mirage Resorts Inc. (MIR) 21 1/2: hotel and casino operator posts a Q2 net of $0.18 a share, four cents below the First Call consensus, vs year-ago profit of $0.25 a share; results in the latest period were hurt by a 13% decline in baccarat activity and the temporary injury of one of the principal performers in the Siegfried & Roy production; see press release.....
May 13 1998
3:00 PM Shorts Applied Graphics Technologies Inc. (AGTX) 46 1/8 -1/4: provider of digital pre-press services to publishers, entertainment and automobile manufacturers records a Q1 net of $0.30 a share, in line with the First Call estimate, vs year-ago net of $0.17 a share.....
May 13 1998
3:00 PM Shorts Mirage Resorts Inc. (MIR) 22 7/8 -1/8: Jefferies & Co. initiates coverage of hotel and casino operator with "buy" and a $29 price target; issue is attractive because it has strong management, growth potential and diversification beyond southern Nevada.....
Apr 6 1998
3:00 PM Shorts Donaldson, Lufkin & Jenrette (DLJ) 92 +4 5/16: Merrill Lynch initiates coverage of financial services concern with long-term "buy".....
Apr 6 1998
3:00 PM Shorts Casino Stocks : Wasserstein Perella initiates coverage of MGM Grand (MGG 34 13/16 +3/16) with "buy" and Primadonna Resorts (PRMA 17 -1 1/8), Harrah's Entertainment (HET 25 -1/16), and Mirage Resorts (MIR 23 13/16 -1/2) with "hold" ratings..... |
