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Melco Resorts and Entertainment Newsroom
Express News | Melco Resorts & Entertainment Shares Are Trading Lower After JP Morgan Downgraded the Stock From Overweight to Neutral and Lowered Its Price Target From $10 to $7
Melco Resorts Cut to Neutral From Overweight by JP Morgan
Melco Resorts Cut to Neutral From Overweight by JP
J.P. Morgan Downgrades Melco Resorts and Entertainment(MLCO.US) to Hold Rating, Cuts Target Price to $7
J.P. Morgan analyst Joseph Greff downgrades $Melco Resorts and Entertainment(MLCO.US)$ to a hold rating, and adjusts the target price from $12 to $7.According to TipRanks data, the analyst has a
Express News | Melco Resorts & Entertainment Ltd : JP Morgan Cuts to Neutral From Overweight
Morgan Stanley: Gambling revenue in the second week of July in Macau improved by 15% weekly, with MGM China as the first choice.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks remains unchanged, with MGM China (02282), Wynn Macau (01128), Sands China (01928), Galaxy Entertainment (00027), SJM Holdings (00880), and Melco Resorts and Entertainment (MLCO.US). The bank pointed out that the casino revenue for the first 14 days of July in Macau was 8.3 billion Macau Patacas (MOP) or 0.593 billion MOP per day. The average daily casino revenue in the second week increased by 15% to 0.635 billion MOP per day due to the gradually increasing summer holiday demand. The bank also mentioned that the European Cup had an impact on Macau in a week of Hong Kong time.
Studio City Home to UNESCO Architecture and Design Award's Most Beautiful Hotels in the World
MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's Studio City is home to one of the World's Most Beautiful Hotels according to UNESCO's World Architecture & Design Award, the Prix
Melco Resorts Is Maintained at Buy by B of A Securities
Melco Resorts Is Maintained at Buy by B of A
Melco Resorts and Enter Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 29.18% B of A Securities $10.4 → $8.5 Maintains Buy 05/29/2024 58.05% B of A Securities $7.5 →
Express News | Melco Resorts & Entertainment Ltd : BofA Global Research Cuts Price Objective to $8.5 From $10.4
BofA Securities Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Cuts Target Price to $8.5
BofA Securities analyst Karl Choi maintains $Melco Resorts and Entertainment(MLCO.US)$ with a buy rating, and adjusts the target price from $10.4 to $8.5.According to TipRanks data, the analyst has
Citi Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $14
Citi analyst George Choi maintains $Melco Resorts and Entertainment(MLCO.US)$ with a buy rating, and maintains the target price at $14.According to TipRanks data, the analyst has a success rate of 45.
Asian Equities Traded in the US as American Depositary Receipts Open Week Slightly Higher in Monday Trading
Asian equities traded in the US as American depositary receipts opened the week trending slightly higher Monday morning, rising 0.14% to 2,020.67 on the S&P Asia 50 ADR Index.From North Asia, the gain
Morgan Stanley Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $9.6
Morgan Stanley analyst Praveen Choudhary maintains $Melco Resorts and Entertainment(MLCO.US)$ with a buy rating, and maintains the target price at $9.6.According to TipRanks data, the analyst has a
UBS Group: Macau's gambling revenue in June roughly met market expectations, preferring Galaxy Entertainment and others.
UBS Group released a research report stating that Macau's gambling revenue in June roughly met market expectations. The total gambling revenue in June was 17.7 billion Macau patacas, an increase of about 16% year-on-year, but a decrease of about 12% month-on-month. The daily average gambling revenue was 590 million Macau patacas, a decrease of about 9% month-on-month. It is expected that the growth of tourists will be driven by the addition of 8 cities for individual travel between Hong Kong and Macau and the increase in summer flight capacity, therefore maintaining an optimistic attitude toward the Macau gambling sector, with Melco Resorts and Entertainment (MLCO.US) and Galaxy Entertainment (00027) being the top choices.
Express News | Shares of Gambling Stocks Are Trading Lower After Macau Revenue Fell in June
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Melco Receives Most Prestigious Global Award for Training
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
These Return Metrics Don't Make Melco Resorts & Entertainment (NASDAQ:MLCO) Look Too Strong
What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declini
Goldman Sachs: Expects Macau's second quarter gambling revenue to remain flat, reiterates Galaxy Entertainment (00027) as its top pick.
Zhongtong Finance APP learned that Goldman Sachs released a research report stating that assuming typical seasonal factors, it is expected that the total Macau gambling revenue (GGR) for the second quarter of 2024 will remain quarter-on-quarter stable, with Galaxy Entertainment (00027) and Melco Resorts and Entertainment's share will increase, while MGM China (02282) and Wynn Macau (01128) will decline, Sands China (01928) and SJM Holdings (00880) will remain relatively stable. However, the bank believes that the 20% rebound of Galaxy Entertainment's stock has not fully reflected the potential sustainable 20% market share of gambling revenue. The bank stated that in terms of casinos, there is a