Analyst Comments on China Crackdown in Macau (LVS) (MGM) (WYNN) (MPEL)
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Negative Macau Headlines 'Overblown'; Janney Remains Positive on Segment (WYNN) (MGM) (LVS)
May 12, 2014 2:31 PM EDTJanney Capital is commenting on recent negative press surrounding gaming in Macau. The firm rates Wynn Resorts (Nasdaq: WYNN), Melco Crown (Nasdaq: MPEL), and MGM Resorts (NYSE: MGM) at Buy, while Las Vegas Sands (NYSE: LVS) is at Neutral.
Analyst Brian McGill made the following key points:
-- The greatest cause for concern had come out of the belief that UnionPay mobile devices are now being shut down and were responsible for significant... More
Melco Crown Enter. (MPEL) Bullish Stance Reiterated at Janney Capital
May 12, 2014 7:53 AM EDTJanney Capital analyst analyst Brian McGill reiterated a Buy rating and $50 price target on Melco Crown Enter. (NASDAQ: MPEL) saying valuation and long-term story remain compelling.
McGill commented, "MPEL reported 1Q14 revenue of $1.36 bln and adjusted EBITDA of $358.7 mln. This compared to expectations for $1.15 bln and $360 mln. While results were in-line with expectations, we thought this was a strong... More
Melco Crown Enter. (MPEL) Offers a Buying Opportunity, Says Sterne Agee
May 9, 2014 7:32 AM EDTSterne Agee analyst David Bain reiterated a Buy rating and $57 price target on Melco Crown Enter. (NASDAQ: MPEL), calling the sell-off a buying opportunity.
Bain comments, "We believe MPEL will renew a march toward our price target, which represents a 78% gain from... More
Market 'Misinterpreting' Macau Headlines, Says Wells Fargo (LVS) (MGM) (WYNN) (MPEL)
May 8, 2014 11:25 AM EDTGaming stocks, including Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM),Wynn Resorts Ltd (NASDAQ: WYNN) and Melco Crown Entertainment Limited (NASDAQ: MPEL), came under pressure Thursday due to headlines out of China. Reports... More
