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Stock Market & Financial Investment News

News For MPEL From The Last 14 Days
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April 28, 2015
19:18 EDTMPELCasino stocks drop after Wynn's Q1 earnings report
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10:51 EDTMPELMelco Crown downgraded to Neutral from Buy at Goldman
Goldman downgraded Melco Crown to Neutral and lowered the price target to $25.10 from $32.10 and said the company may not fully benefit from MSC opening given its partial ownership gives it less leeway to shift tables around.
10:05 EDTMPELOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Materials (AMAT) downgraded to Neutral from Buy at Nomura... CGI Group (GIB) downgraded to Hold from Buy at Societe Generale... Celladon (CLDN) downgraded to Neutral from Buy at H.C. Wainwright... Coherent (COHR) downgraded to Neutral from Buy at B. Riley... Commerzbank (CRZBY) downgraded to Neutral from Overweight at JPMorgan... Continental Resources (CLR) downgraded to Neutral from Accumulate at Global Hunter... Crestwood Equity (CEQP) downgraded to Neutral from Overweight at JPMorgan... Crestwood Midstream (CMLP) downgraded to Neutral from Overweight at JPMorgan... Discovery (DISCA) downgraded to Sell from Neutral at UBS... Ericsson (ERIC) downgraded to Neutral from Buy at Goldman... First Merchants (FRME) downgraded to Market Perform from Outperform at Fig Partners... MDC Partners (MDCA) downgraded to Sector Perform from Outperform at RBC Capital... Medidata (MDSO) downgraded to Hold from Buy at Jefferies... Melco Crown (MPEL) downgraded to Underweight from Equal Weight at Morgan Stanley... SM Energy (SM) downgraded to Accumulate from Buy at Global Hunter... Springleaf (LEAF) downgraded to Neutral from Outperform at Macquarie... iGATE (IGTE) downgraded to Sector Perform from Outperform at RBC Capital.
08:23 EDTMPELMelco Crown downgraded to Underweight on earnings revisions at Morgan Stanley
As previously reported, Morgan Stanley downgraded Melco Crown to Underweight from Equal Weigh and lowered its price target to $17 from $22. The firm has increased concerns that earnings revisions have yet to bottom due to regulatory pressures, oversupply concerns, and higher than expected operating expenses. Morgan Stanley expects a 50% increase in the number of rooms over the next 18 months and said valuation is not compelling at current levels.
08:03 EDTMPELMelco Crown downgraded to Underweight from Equal Weight at Morgan Stanley
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April 24, 2015
10:00 EDTMPELOn The Fly: Analyst Downgrade Summary
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07:30 EDTMPELMelco Crown downgraded to Reduce from Neutral at Nomura
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April 22, 2015
14:50 EDTMPELEarnings Watch: Macau revenue down 37% this year ahead of Las Vegas Sands report
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