Susquehanna lowered the firm’s price target on Melco Resorts (MLCO) to $10 from $11 and keeps a Positive rating on the shares. The firm said following the significant Chinese stimulus initially announced in September, expectations have now been rebooted to more hopeful levels observed in 1Q24. Susquehanna estimates an upward valuation/conviction in improving fundamental trends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLCO: