Stocks making the biggest moves midday: MGM Resorts, Airbnb, Enphase Energy and more

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CNBC 12 October, 2021 - 11:55am 14 views

Monday's episode of NCIS served as lead star Mark Harmon's final moments on the show as he is exiting the hit CBS series after portraying Gibbs for 18 seasons. During episode four of season 19, Harmon's beloved character — who was nearly killed during the season 18 finale — said goodbye to his job, deciding to stay in Alaska indefinitely after solving a case.

"I'm not going back, Tim," he told Special Agent Timothy McGee (Sean Murray) while fishing. "I'm not going back home."

Gibbs then tells McGee that he "could not have hoped for anyone better" to work with over the past 18 years before the partners hugged, closing out the scene.

Gibbs' goodbye may not be forever, however.

"As an executive producer and dear friend, Mark continues to be an integral part of the fabric of the show. Our north star has always been staying true to our characters, and that truth has always guided the stories we tell and where those characters go," Binder, executive producer, told PEOPLE in a statement. "So regarding the future of Gibbs, as long-time fans of the show may have noticed over the years…never count Leroy Jethro Gibbs out."

"Mark's always been part of the show, Mark's always going to be part of the show," CBS Entertainment President Kelly Kahl told Deadline last month. "In terms of his on-air appearances, we're just going to have to see how it plays out going forward." 

Speaking to PEOPLE in 2019, Harmon revealed what would ultimately cause him to leave the series after nearly two decades.

"I've always thought if there's ever a time where the writers are walking into the room and going 'I don't know what to do,' then I think we all have to look at each other and call it a day," he said at the time. "But we're not there yet."

Harmon also expressed his gratitude for his long-running spot on the show. 

"I've been around long enough to know what this is. That commitment is part of what I signed up for; I know when this show ends that's it — there won't be anything else like this for me," he added.

The action drama's current cast includes Murray, Brian Dietzen, Diona Reasonover, Wilmer Valderrama, Rocky Carroll and David McCallum.

NCIS airs on CBS Mondays at 9 p.m. ET. Fans can rewatch past seasons on the Paramount+ streaming service.

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MGM Resorts' Price Target Is Doubled. This Analyst Likes the Casino Operator's 'Transformation.'

Barron's 12 October, 2021 - 08:02am

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MGM Resorts International was rising sharply Tuesday after shares of the casino operator were upgraded to Outperform from Neutral at Credit Suisse and the analysts boosted the stock’s price target to $68, a Wall Street-high. 

The stock was rising 8.8% to $48.33. MGM Resorts (ticker: MGM) has gained more than 53% so far this year.

MGM Resorts International was rising sharply Tuesday after shares of the casino operator were upgraded to Outperform from Neutral at Credit Suisse and the analysts boosted the stock’s price target to $68, a Wall Street-high.

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MGM Resorts' Price Target Is Doubled. This Analyst Likes the Casino Operator's 'Transformation.'

Motley Fool 12 October, 2021 - 08:02am

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

MGM Resorts International was rising sharply Tuesday after shares of the casino operator were upgraded to Outperform from Neutral at Credit Suisse and the analysts boosted the stock’s price target to $68, a Wall Street-high. 

The stock was rising 8.8% to $48.33. MGM Resorts (ticker: MGM) has gained more than 53% so far this year.

MGM Resorts International was rising sharply Tuesday after shares of the casino operator were upgraded to Outperform from Neutral at Credit Suisse and the analysts boosted the stock’s price target to $68, a Wall Street-high.

An error has occurred, please try again later.

This article has been sent to

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

MGM Resorts Stock Surges On Credit Suisse Upgrade; DraftKings Nears Entain Bid Deadline

TheStreet 12 October, 2021 - 06:02am

Credit Suisse analyst Benjamin Chalken lifted his rating on MGM to 'outperform', from 'neutral', and more than doubled his previous price target to $68 per share, noting investors haven't properly valued a series of transactions he says have "transformed" the gaming group. 

MGM's $4.4 billion property sale, its consolidation of CityCenter from Infinity World for $2.1 billion, a real-estate sale in Massachusetts and the purchase of the operations of the Cosmopolitan in Las Vegas for $1.6 billion should give MGM a "cleaner more simplified organization with a more attractive capital structure" supported by improving sentiment and gaming industry upside.

MGM Resorts shares were marked 6.1% higher in mid-morning trading Tuesday to change hands at $47.12 each, a move that would extend the stock's year-to-date gain to around 50%. The stock hit a record high of $47.97 earlier in the session.

MGM could also benefit from the stronger-than-expected third quarter update posted Tuesday by British bookmaker Entain Plc, its U.S. joint-venture partner and target of a $22.4 billion takeover bid by gaming rival DraftKings  (DKNG) - Get DraftKings Inc. (DKNG) Report.

Entain told the London Stock Exchange Tuesday that it September-quarter gaming revenues rose 4% from last year, and stuck to its forecast of full-year earnings in the range of £850 million to £900 million.

DraftKings has until October 19 to formalize its £28 per share bid for Entain, which operates the Coral and Ladbrokes betting shops in the U.K. market and has a valuable U.S. venture with MGM "where we are now challenging for the number one market position", according to CEO Jette Nygaard-Andersen. 

That bid is more than double the $11 billion approach MGM itself made earlier this year.

MGM said it's the "exclusive partner in the U.S. online sports betting and iGaming market", through its BetMGM joint-venture, adding that "any transaction whereby Entain or its affiliates would own a competing business in the U.S. would require MGM's consent."

"MGM will engage with Entain and DraftKings, as appropriate, to find a solution to the exclusivity arrangements which meets all parties' objectives," the group said in a statement late last month.

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