B of A Securities Maintains Buy on Melco Resorts and Enter, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Leung maintains a Buy rating on Melco Resorts and Entertainment (NASDAQ:MLCO) but lowers the price target from $8.5 to $7.5.
August 12, 2024 | 11:23 am
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B of A Securities maintains a Buy rating on Melco Resorts and Entertainment (NASDAQ:MLCO) but lowers the price target from $8.5 to $7.5.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates some caution about near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100