Citi Reaffirms Their Buy Rating on 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 $12.55. The company’s shares closed yesterday at $7.55.
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According to TipRanks, Choi is a 4-star analyst with an average return of 8.5% and a 50.00% success rate. Choi covers the Consumer Cyclical sector, focusing on stocks such as Las Vegas Sands, Melco Resorts & Entertainment, and MGM Resorts.
Melco Resorts & Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $10.71.
The company has a one-year high of $10.15 and a one-year low of $4.55. Currently, Melco Resorts & Entertainment has an average volume of 2.76M.
Read More on MLCO:
Disclaimer & DisclosureReport an Issue
- Cautious Hold Rating on Melco Resorts Amid Declining Stock Price and Competitive Pressures
- Macau Golden Week performance ‘disappointing,’ says Jefferies
- Macau preparing for fourth storm in five weeks, Macau Business reports
- Melco Resorts falls -6.5%
- Macau reports September casino revenue up 6.0% to 18.29B patacas
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