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Melco Resorts and Entertainment Newsroom
Further Weakness as Melco Resorts & Entertainment (NASDAQ:MLCO) Drops 4.5% This Week, Taking Five-year Losses to 73%
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
J.P. Morgan Downgrades Melco Resorts and Entertainment(MLCO.US) to Hold Rating, Cuts Target Price to $7
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.
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Melco Resorts Is Maintained at Buy by B of A Securities
Melco Resorts and Enter Analyst Ratings
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
Citi Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $14
Asian Equities Traded in the US as American Depositary Receipts Open Week Slightly Higher in Monday Trading
Morgan Stanley Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $9.6
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
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Chinese Equity Market Shows Momentum to Return Cash to Shareholders
These Return Metrics Don't Make Melco Resorts & Entertainment (NASDAQ:MLCO) Look Too Strong