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Fly News Breaks for March 17, 2016
MPEL
Mar 17, 2016 | 06:48 EDT
Macquarie analyst Kai Tan upgraded Melco Crown to Neutral with a $15 price target on shares. The analyst said shares are trading below its historical averages, increased his adjusted EBITDA margin forecast for Studio City; and now assumes a slower decline in the sector's FY16E GGR, of 6% vs our previous assumption of 13%.
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