In a report released today, Ds Kim from J.P. Morgan maintained a Buy rating on Melco Resorts & Entertainment, with a price target of $10.50. The company’s shares closed yesterday at $7.55.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kim covers the Consumer Cyclical sector, focusing on stocks such as SJM Holdings, Melco Resorts & Entertainment, and Melco International. According to TipRanks, Kim has an average return of 10.8% and a 54.13% success rate on recommended stocks.
In addition to J.P. Morgan, Melco Resorts & Entertainment also received a Buy from Citi’s George Choi in a report issued today. However, on the same day, Bank of America Securities reiterated a Hold rating on Melco Resorts & Entertainment (NASDAQ: MLCO).
MLCO market cap is currently $2.95B and has a P/E ratio of 55.31.
Read More on MLCO:
Disclaimer & DisclosureReport an Issue
- Cautious Hold Rating on Melco Resorts Amid Declining Stock Price and Competitive Pressures
- Macau Golden Week performance ‘disappointing,’ says Jefferies
- Macau preparing for fourth storm in five weeks, Macau Business reports
- Melco Resorts falls -6.5%
- Macau reports September casino revenue up 6.0% to 18.29B patacas
