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Melco Resorts & Entertainment (MLCO) Gets a Hold from J.P. Morgan

Tipranks - Tipranks - Tue May 13, 2025

J.P. Morgan analyst Ds Kim maintained a Hold rating on Melco Resorts & Entertainment (MLCO – Research Report) on May 8 and set a price target of $6.50. The company’s shares closed last Friday at $5.99.

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According to TipRanks, Kim is a 4-star analyst with an average return of 7.2% and a 43.96% success rate. Kim covers the Consumer Cyclical sector, focusing on stocks such as Galaxy Entertainment Group, Melco Resorts & Entertainment, and Melco International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Melco Resorts & Entertainment with a $6.64 average price target, representing a 10.85% upside. In a report released on May 8, Bank of America Securities also maintained a Hold rating on the stock with a $5.70 price target.

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MLCO market cap is currently $2.46B and has a P/E ratio of 42.42.

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