HSBC lowered the firm’s price target on Melco Resorts to $7.60 from $9.20 and keeps a Hold rating on the shares. The analyst says the company’s restructuring efforts in Macau have improved playtime and mass drop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Melco Announces Partnership with Sri Lanka’s John Keells Holdings and Introduces ‘City of Dreams Sri Lanka’
- Unusually active option classes on open April 29th
- Melco Resorts price target lowered to $11 from $15 at Susquehanna
- MLCO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Melco reaffirms commitment to sustainability in 2023 RISE to go Above & Beyond report