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Fly News Breaks for September 8, 2016
MPEL
Sep 8, 2016 | 09:33 EDT
Macquarie analyst Zibo Chen initiated Melco Crown with an Outperform and $18.80 price target. The analyst is optimistic that Studio City will gradually ramp up by 4Q 2017 thanks to the company's non-gaming franchise; and increased traffic generated by nearby new projects such as the Parisian.
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