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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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February 26, 2015
08:29 EDTMPELDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
10:01 EDTMPELOn The Fly: Analyst Downgrade Summary
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07:30 EDTMPELMelco Crown downgraded to Neutral from Outperform at Credit Suisse
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February 24, 2015
09:52 EDTMPELMacau to review mainland’s individual visit scheme, Macau Business Daily says
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