B of A Securities Maintains Neutral on Melco Resorts and Enter, Lowers Price Target to $8.4
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Leung has maintained a Neutral rating on Melco Resorts and Entertainment (MLCO) and lowered the price target from $10 to $8.4.

March 12, 2024 | 11:53 am
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NEGATIVE IMPACT
B of A Securities maintains a Neutral rating on Melco Resorts and Entertainment, with a reduced price target from $10 to $8.4.
The reduction in price target by a significant financial institution like B of A Securities suggests a less optimistic outlook on MLCO's stock performance in the short term. This adjustment reflects potential concerns about the company's future earnings or market position, which could lead to a decrease in investor confidence and a downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100