Morgan Stanley Upgrades Melco Resorts and Enter to Overweight, Raises Price Target to $9.6
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Praveen Choudhary upgraded Melco Resorts and Enter (NASDAQ:MLCO) from Equal-Weight to Overweight and increased the price target from $8.3 to $9.6.

May 06, 2024 | 9:43 am
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Melco Resorts and Enter was upgraded by Morgan Stanley from Equal-Weight to Overweight with a price target increase from $8.3 to $9.6.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements for stocks. The increase in the price target further supports a bullish outlook for MLCO, suggesting that the analyst sees stronger future performance and potential growth.
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IMPORTANCE 90
RELEVANCE 100