Melco Completes Acquisition of Majority Stake in Melco Crown Entertainment

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Aegis Capital Reiterates Buy on Melco Crown Entertainment (MPEL) Following 4Q

February 16, 2017 1:22 PM EST

Aegis Capital reiterated a Buy rating and $23.00 price target on Melco Crown Entertainment (NASDAQ: MPEL) following the company's 4Q earnings report.

Analyst David Bain commented, "This morning, MPEL reported 4Q16 property EBITDA of $304.3m versus Street consensus of $293.3m and our $301.6m. Adjusted for... More