Morgan Stanley Downgrades Melco Resorts and Enter to Equal-Weight, Announces $9.6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Praveen Choudhary has downgraded Melco Resorts and Entertainment (MLCO) from Overweight to Equal-Weight and set a price target of $9.6.
January 02, 2024 | 3:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Melco Resorts and Entertainment was downgraded by Morgan Stanley from Overweight to Equal-Weight with a price target of $9.6.
Downgrades by major analysts like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target may also set investor expectations on the stock's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100