Melco Crown (MPEL) Misses Q1 EPS by 8c

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Go back to Melco Crown (MPEL) Misses Q1 EPS by 8c

Sterne Agee CRT Reit Buy on Melco Crown Entertainment (MPEL) Following Overall Strong 1Q

May 8, 2015 9:32 AM EDT

Sterne Agee CRT maintains a Buy rating on Melco Crown Entertainment Ltd. (NASDAQ: MPEL), and lowered the target price to $29 (from $34) based on low viability for Macau Studio City. An April mass win for MPEL marked the highest market share result in recent history. Revenue... More

Melco Crown (MPEL) Q1 Miss 'Acceptable', Brean Capital Says; PT Lowered to $28

May 8, 2015 8:02 AM EDT

Brean Capital analyst Bryan Maher lowered his price target on Melco Crown Enter. (NASDAQ: MPEL) to $28.00 (from $31.00) following the Q1 results but maintained his Buy rating calling the miss "acceptable" at is could have been much worse.

Melco Crown commented, "Given the sharp 36.6% decline in total market GGR in... More