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Citi Remains a Buy on Melco Resorts & Entertainment (MLCO)

Tipranks - Tipranks - Tue Apr 14, 5:46AM CDT

Citi analyst George Choi maintained a Buy rating on Melco Resorts & Entertainment today and set a price target of $10.50.

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According to TipRanks, Choi is a 4-star analyst with an average return of 6.5% and a 50.72% success rate. Choi covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, SJM Holdings, and Las Vegas Sands.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Melco Resorts & Entertainment with a $8.76 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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