Sterne Agee Lifts Target on MGM Following Q2 Results, Sees Yesterday's Sell-Off from Morning Highs 'Unwarranted'

Shares of MGM Resorts (NYSE: MGM ) are trading up about 1.4 percent Wednesday morning following better-than-expected Q2 results from the company on Tuesday afternoon. Even with the stock up, shares have not yet taken back the price level where they were trading Tuesday morning at the open. MGM