Citi Sticks to Their Buy Rating for Melco Resorts & Entertainment (MLCO)
In a report released today, George Choi from Citi maintained a Buy rating on Melco Resorts & Entertainment, with a price target of $11.00. The company’s shares closed yesterday at $8.80.
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Choi covers the Consumer Cyclical sector, focusing on stocks such as MGM China Holdings, Sands China, and Wynn Macau. According to TipRanks, Choi has an average return of 7.1% and a 50.00% success rate on recommended stocks.
In addition to Citi, Melco Resorts & Entertainment also received a Buy from Goldman Sachs’s Simon Cheung in a report issued on July 3. However, today, Bank of America Securities reiterated a Hold rating on Melco Resorts & Entertainment (NASDAQ: MLCO).
The company has a one-year high of $8.90 and a one-year low of $4.55. Currently, Melco Resorts & Entertainment has an average volume of 4.09M.
Read More on MLCO:
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- Citi ups Melco Resorts target, opens ‘upside catalyst watch’
- Melco Resorts price target raised to $9.20 from $6.60 at BofA
- Balanced Outlook: Hold Rating for Melco Resorts Amid Growth and Financial Challenges
- MGM China upgraded to Buy from Neutral at Goldman Sachs
- Las Vegas Sands, Wynn up 6% in early trade following Macau gaming revenue data
