Fly News Breaks for March 10, 2015
MPEL
Mar 10, 2015 | 05:43 EDT
Deutsche Bank downgraded Melco Crown two notches to Sell from Buy saying it does not expect new casinos in Macau will drive demand. The firm believes gross gaming revenue in Macau is starting a multi-year decline and cut its price target for shares to $18 from $27.70.
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