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Fly News Breaks for November 12, 2018
MSC
Nov 12, 2018 | 09:09 EDT
Morgan Stanley analyst Praveen Choudhary initiated coverage of Studio City ADRs with an Underweight rating and $20 price target, contending that high gearing, no dividend, no gaming license, a complicated corporate structure and the stock's low liquidity will all weigh on the share price.
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