Credit Suisse Downgrades Melco Crown Enter. (MPEL) to Neutral

Credit Suisse downgraded Melco Crown Enter. (NASDAQ: MPEL) from Outperform to Neutral with a price target of $28.20.

Analyst K. Fong said continuing deteriorating revenue trend in March could trigger another round of sell-off.

The firm also cut MGM China (affiliate of (NYSE: MGM)) from Outperform to Neutral.

For an analyst ratings summary and ratings history on Melco Crown Enter. click here. For more ratings news on Melco Crown Enter. click here.

Shares of Melco Crown Enter. closed at $25.13 yesterday.

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