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Fly News Breaks for June 2, 2016
MPEL
Jun 2, 2016 | 08:49 EDT
Morgan Stanley analyst Praveen Choudhary downgraded Melco Crown to Equal Weight and lowered its price target to $15.50 from $16.50. Choudhary said he is less positive near-term on Melco Crown given the slow ramp of Studio City, survey results that indicate Studio CIty is less preferred by Chinese gamblers, and increasing competition over the next 12 months,
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