Melco Crown upgraded to Hold from Underperform at Jefferies Jefferies upgraded Melco Crown to Hold citing a better earnings outlook and the company's improving debt structure. The firm raised its price target for shares to $22.70 from $7.70.
Las Vegas Sands results encouraging, says Stifel After Las Vegas Sands (LVS) reported higher than expected Macau property-level EBITDA, Stifel says that the beat should cause analysts to raise their estimates for the company. The firm adds that the results are encouraging for all "Macau-centric operators." It raised its price target on Las Vegas Sands to $65 from $60 and keeps a Buy rating on the shares. Other companies with a major presence in Macau include Melco Crown (MPEL), Wynn Resorts (WYNN), and MGM (MGM).