Melco Crown (MPEL) Misses Q3 EPS by 5c

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Melco Crown (MPEL) One of the Best Positioned Operators in Macau, Sterne Agee CRT Says; PT to $27

November 6, 2015 8:39 AM EST

Sterne Agee CRT analyst David Bain reiterated a Buy rating and raised his price target on Melco Crown Enter. (NASDAQ: MPEL) to $27.00 (from $26.00) following Q3 results.

Bain commmented, "We believe MPELs Macau portfolio is positioned better than all but one Macau operator,... More