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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.
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September 18, 2014
06:47 EDTMPELMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 16, 2014
13:52 EDTMPELMacau casino owners drop after negative note from analyst
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11:22 EDTMPELMorgan Stanley sees negative revisions to Macau consensus estimates
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