Credit Suisse Upgrades Melco Resorts and Enter to Outperform, Raises Price Target to $18.2
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Kenneth Fong upgrades Melco Resorts and Enter (NASDAQ:MLCO) from Neutral to Outperform and raises the price target from $14 to $18.2.
June 20, 2023 | 9:58 am
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Melco Resorts and Enter (NASDAQ:MLCO) has been upgraded from Neutral to Outperform by Credit Suisse analyst Kenneth Fong, with a raised price target of $18.2.
The upgrade from Neutral to Outperform by Credit Suisse analyst Kenneth Fong indicates a positive outlook for Melco Resorts and Enter. The raised price target from $14 to $18.2 suggests that the analyst believes the stock has potential for significant growth in the short term. This news is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100