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Fly News Breaks for October 5, 2015
SCHYY, MPEL
Oct 5, 2015 | 14:12 EDT
JPMorgan analyst DS Kim acknowledges that Macau's gaming industry "might not be out of the woods yet", but with mass demand finally recovering, Kim believes stocks levered to Macau have reached an inflection point and said now is the time to start building positions. Kim upgraded Melco (MPEL) to Neutral from Underweight, stating that "a rising tide" may lift all boats, but identified Galaxy and Sands China (SCHYY) as the firm's favorite names in the space. The firm also upgraded Wynn Macau (WYNMF) two notches to Overweight from Underweight.
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