BofA/Merrill Lynch Downgrades Melco Crown Enter. (MPEL) to Neutral
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Morgan Stanley Upgrades Melco Crown Enter. (MPEL) to Overweight
January 5, 2015 9:00 AM ESTMorgan Stanley upgraded Melco Crown Enter. (NASDAQ: MPEL) from Equalweight to Overweight.
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 $24.16 yesterday.
... MoreMacau Gaming Trends Could Remain Choppy Near-Term, Says Goldman Sachs (LVS) (MGM) (WYNN) (MPEL)
January 2, 2015 2:00 PM ESTMacau gaming stocks declined Friday after gross gaming revenue data showed a 30% year-over-year decline in December. This was in line with expectations, noted analyst Simon Cheung of Goldman Sachs. He also noted some positive anecdotal information and discussed a tightening smoking ban and stricter scrutiny of agents. Overall he expects trends to remain choppy. Goldman's base case assumes 3% gross gaming revenue growth in 2015, heavily weighted toward the back half of the year.
"While the breakdown for VIP and mass market is not available yet, we suspect VIP trend remained soft given continued anti-graft campaigns in China. Eastweek... More
Macau Suffers Wider-than-Expected Gaming Revenue Drop Following Anti-Corruption Crackdown (MGM) (LVS)
January 2, 2015 6:29 AM ESTMGM Resorts (NYSE: MGM), Wynn Resorts (Nasdaq: WYNN), Las Vegas Sands (NYSE: LVS), and Melco Crown (Nasdaq: MPEL) are on watch Friday following annual gaming data released in... More
