B of A Securities Downgrades Melco Resorts and Enter to Neutral, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Ronald Leung has downgraded Melco Resorts and Enter (NASDAQ:MLCO) from Buy to Neutral and lowered the price target from $16 to $14.
June 28, 2023 | 8:18 am
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NEGATIVE IMPACT
Melco Resorts and Enter has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $14.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Melco Resorts and Enter. The lowered price target from $16 to $14 also suggests that the analyst sees less upside potential in the stock. This could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100