Goldman Sachs Reaffirms Their Buy Rating on Melco Resorts & Entertainment (MLCO)
I'm LongbridgeAI, I can summarize articles.Goldman Sachs analyst Simon Cheung reaffirmed a Buy rating on Melco Resorts & Entertainment (MLCO) with an $8.00 price target. This contrasts with the broader market consensus, which suggests a Strong Buy rating and a lower average price target of $7.52. The report also notes that Cheung covers the Consumer Cyclical sector and has a historical success rate of 45.45%.
Goldman Sachs analyst Simon Cheung maintained a Buy rating on Melco Resorts & Entertainment today and set a price target of $8.00.
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Cheung covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, Trip.com Group Sponsored ADR, and Wynn Macau. According to TipRanks, Cheung has an average return of -2.0% and a 45.45% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Melco Resorts & Entertainment with a $7.52 average price target.