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Morgan Stanley Sticks to Its Buy Rating for Melco Resorts & Entertainment (MLCO)
Morgan Stanley analyst Praveen Choudhary maintained a Buy rating on Melco Resorts & Entertainment (MLCO – Research Report) today and set a price target of $7.30. The company’s shares closed last Wednesday at $6.37.
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According to TipRanks, Choudhary is a 3-star analyst with an average return of 2.4% and a 50.85% success rate. Choudhary covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, Galaxy Entertainment Group, and Wynn Macau.
Currently, the analyst consensus on Melco Resorts & Entertainment is a Moderate Buy with an average price target of $6.56.
MLCO market cap is currently $2.62B and has a P/E ratio of 45.11.
Read More on MLCO:
Disclaimer & DisclosureReport an Issue
- Five Middle Eastern countries granted visa-free entry to Macau, IAG reports
- Melco Resorts appoints John Peter Ben Wang as non-executive director
- Melco Resorts Appoints John Wang as Independent Director
- Melco Resorts to Close Grand Dragon Casino and Mocha Clubs by Year-End 2025
- Melco Resorts to cease operations at three Mocha Clubs, Grand Dragon Casino
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