Credit Suisse upgrades Melco Resorts & Entertainment to 'outperform' with a price target of $18.20

  • Investing.com
Credit Suisse upgrades Melco Resorts & Entertainment to 'outperform' with a price target of $18.20

An analyst from Credit Suisse upgraded Melco Resorts & Entertainment (NASDAQ: MLCO ) from 'neutral' to 'outperform' with a price target of $18.20 from a prior price target of $14.00.

Prior to this rating, Melco Resorts & Entertainment had 11 buy ratings, 2 hold ratings, and 0 sell ratings.

For consensus analyst estimates and price targets on Melco Resorts & Entertainment, click here. For more news on Melco Resorts & Entertainment, click here.

Melco Resorts & Entertainment's stock price closed at $12.52. They are up 9.73% in the last month and up 129.72% in the last 12 months.

According to Investing Pro, Melco Resorts & Entertainment's fair value is $12.30, a downside of 1.75%. Melco Resorts & Entertainment's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Melco Resorts & Entertainment's recent earnings performance and financials here.

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