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J.P. Morgan Remains a Hold on Melco Resorts & Entertainment (MLCO)

Tipranks - Tipranks - Fri Mar 27, 7:44AM CDT

J.P. Morgan analyst Ds Kim maintained a Hold rating on Melco Resorts & Entertainment yesterday and set a price target of $6.00. The company’s shares closed yesterday at $5.48.

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According to TipRanks, Kim is a 4-star analyst with an average return of 8.4% and a 48.36% success rate.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Melco Resorts & Entertainment with a $8.62 average price target.

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Based on Melco Resorts & Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.29 billion and a net profit of $60.64 million. In comparison, last year the company earned a revenue of $1.19 billion and had a GAAP net loss of $20.27 million

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