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Fly News Breaks for September 21, 2015
MPEL
Sep 21, 2015 | 08:37 EDT
Macquarie transferred coverage on Melco Crown with an Underperform rating from a Neutral rating with a $14 price target. Analyst Kai Tan believes Macau demand will remain weak and expects Melco's second half earnings to take a hit on Studio City pre-opening expenses and excess labour costs.
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