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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:20 EDTMPELMelco Crown weakness a buying opportunity, says Wells Fargo
Wells Fargo said it would buy shares of Melco Crown on any weakness from news of an illegal money transfer investigation in Taiwan. Wells thinks the Taiwanese government could be on a fact-finding mission, and that the news may not be Melco Crown or gaming specific. The firm keeps an Outperform rating on Melco Crown.
News For MPEL From The Last 14 Days
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October 13, 2014
06:32 EDTMPELMelco Crown shares could rally $10 on Osaka win, says Citigroup
Citigroup estimates shares of Melco Crown could rally up to $10 should the company win a gaming license in Osaka, Japan. Citi expects the gaming bill in Japan to be passed in November, and notes Melco is a major candidate in Osaka. The firm believes the upcoming opening of City of Dreams Manila will be a "game changer" to the Philippines gaming market. It lowered its price target for shares to $43 from $46 and keeps a Buy rating on the name.

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