JP Morgan Downgrades Melco Resorts and Enter to Neutral, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff has downgraded Melco Resorts and Enter (NASDAQ:MLCO) from Overweight to Neutral and lowered the price target from $10 to $7.
July 18, 2024 | 12:12 pm
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NEGATIVE IMPACT
JP Morgan analyst Joseph Greff downgraded Melco Resorts and Enter from Overweight to Neutral and reduced the price target from $10 to $7.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $10 to $7 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the stock price of Melco Resorts and Enter in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100