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MLCO

Melco Resorts & Entertainment

$23.98

-0.17 (-0.70%)

, LVS

Las Vegas Sands

$65.04

-0.02 (-0.03%)

08:05
10/06/17
10/06
08:05
10/06/17
08:05

Macau arrivals from mainland down in first days of Golden Week, Bloomberg says

New data show tourist arrivals to Macau from mainland China fell 1.1% in the first five days of the Golden Week holiday, compared to a 7.3% increase in the year-earlier period, reported Bloomberg. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link

MLCO

Melco Resorts & Entertainment

$23.98

-0.17 (-0.70%)

LVS

Las Vegas Sands

$65.04

-0.02 (-0.03%)

MGM

MGM Resorts

$30.90

0.15 (0.49%)

WYNN

Wynn Resorts

$146.96

-0.01 (-0.01%)

  • 08

    Nov

MLCO Melco Resorts & Entertainment
$23.98

-0.17 (-0.70%)

09/19/17
NOMU
09/19/17
UPGRADE
Target $29
NOMU
Buy
Melco Resorts & Entertainment upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Harry Curtis upgraded Melco Resorts & Entertainment to Buy and raised his price target for the shares to $29 from $20. Growth from Morpheus and overall strength in Macau should help close the stock's valuation gap relative to peers, Curtis tells investors in a research note. The analyst has a more positive outlook for Macau growth through 2018 and sees the stock rallying 25% over the next 12 months.
04/24/17
UGAM
04/24/17
UPGRADE
UGAM
Buy
Melco Resorts & Entertainment upgraded to Buy from Hold at Union Gaming
05/19/17
JPMS
05/19/17
NO CHANGE
JPMS
Macau gaming regulator comments 'nothing new,' says JPMorgan
After local Chinese media quoted Paulo Chan, the director of Macau's gaming regulator, as having said that existing casino operators will have to "re-bid" for their concessions, JP Morgan analyst DS Kim said earlier that "this is nothing new" as he believes Chan was just clarifying legal terminology and statutory facts. Chan emphasized there isn't any new development regarding gaming concessions, which Kim thinks is the message he wanted to convey. Kim also said in a note issued prior to the open that his view remains that all six existing licenses will be renewed and no new license will be issued.
07/17/17
GSCO
07/17/17
NO CHANGE
GSCO
Goldman says capital flow scrutiny could hurt sentiment on Macau gaming names
Goldman Sachs analyst Simon Cheung noted reports that Macau's largest junket operator has distributed a memo to its customers advising that police have launched large-scale investigations into questionable cross-border money transfers. To avoid scrutiny, some players may gamble less, which could hurt gross gaming revenue momentum in the near-term, Cheung tells investors. More important, perhaps, will be whether this issue will structurally impair the money transfer mechanism and that investors may become more concerned about the space. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).
LVS Las Vegas Sands
$65.04

-0.02 (-0.03%)

06/12/17
TLSY
06/12/17
NO CHANGE
TLSY
Macau estimates should continue to move higher, says Telsey Advisory
Telsey Advisory's contacts indicate the first 11 days of June's results indicate growth year-over-year of 29%-31% for the month, which is better than expected and supports the firm's view that estimates will continue to move higher heading into the quarterly reporting season. Telsey's analyst continues to see better leverage for Outperform rated Wynn Resorts (WYNN), with MGM Resorts (MGM) and Las Vegas Sands (LVS) also as beneficiaries.
07/18/17
STFL
07/18/17
NO CHANGE
STFL
Las Vegas Sands weakness creates buying opportunity, says Stifel
Stifel analyst Steven Wieczynski raised his estimates on Las Vegas Sands by about 4%, citing positive trends he's seen in Macau in the last six months and his belief that "Macau's fundamentals should continue to improve." The analyst says that the non-VIP trends in Macau continue to be strong and he thinks they "will remain healthy for the foreseeable future." He thinks that the recent pullback in the stock has created a buying opportunity.
MGM MGM Resorts
$30.90

0.15 (0.49%)

10/03/17
10/03/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Aegion (AEGN) downgraded to Hold from Buy at Craig-Hallum with analyst Eric Stine citing valuation following the third quarter update and with restructuring a work in progress. 2. Urban Outfitters (URBN) downgraded to Sell from Hold at Deutsche Bank with analyst Tiffany Kanaga saying the valuation has "stretched to elevated levels." 3. Tile Shop (TTS) downgraded to Underperform from Market Perform at Telsey Advisory with analyst Joseph Feldman saying he is concerned the deceleration will continue for several quarters given weakness was attributed to increased competition that led to the company to increase promotions. 4. Lear (LEA) downgraded to Neutral from Buy at UBS with analyst Colin Langan saying the E-System spin upside seems already priced in following the recent share rally. 5. MGM Resorts (MGM) downgraded to Neutral from Positive at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/17
DBAB
09/11/17
DOWNGRADE
Target $36
DBAB
Hold
MGM Resorts downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli downgraded MGM Resorts to Hold while maintaining a $36 price target on the shares. The continued slowing of Las Vegas Strip EBITDA growth will likely pressure trading multiples, Santarelli tells investors in a research note. He believes Las Vegas Strip fundamentals are "exhibiting late cycle tendencies."
09/08/17
JPMS
09/08/17
NO CHANGE
Target $39
JPMS
Overweight
National Harbor deal positive for MGM, MGM Growth, says JPMorgan
JPMorgan analyst Joseph Greff has a favorable view of both MGM Resorts (MGM) and MGM Growth Properties (MGP) as it relates to the purchase of MGM National Harbor's real estate for $1.1875B. For MGM Growth, the deal is accretive and represents a good valuation multiple, Greff tells investors in a research note. He upped his price target for the shares to $33 from $31. For MGM, the transaction improves the balance sheet and helps accelerate the return of capital via a $1B share repurchase authorization, the analyst writes. He upped his price target for those shares to $39 from $37. He keeps Overweight ratings on both stocks.
10/03/17
SUSQ
10/03/17
DOWNGRADE
SUSQ
Neutral
MGM Resorts downgraded to Neutral from Positive at Susquehanna
WYNN Wynn Resorts
$146.96

-0.01 (-0.01%)

07/26/17
07/26/17
DOWNGRADE

Market Perform
Update: Wynn Resorts downgraded to Market Perform at Telsey Advisory
As previously reported, Telsey Advisory downgraded Wynn Resorts to Market Perform from Outperform and maintained a $150 price target. Analyst David Katz said the execution of the Palace opening has not been what he expected and believes the Macau market is facing increasingly challenging comps starting in Q3 and beyond. Katz ultimately believes the Palace will achieve its objectives and the overall Wynn thesis remains intact, but views visibility as limited over the next several quarters.
07/26/17
07/26/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AMD (AMD) downgraded to Market Perform from Outperform at BMO Capital. 2. Zoetis (ZTS) downgraded to Hold from Buy at Deutsche Bank with analyst Gregg Gilbert saying the risk/reward is more balanced with the shares up 18% year-to-date. 3. CF Industries (CF) downgraded to Neutral from Outperform at Credit Suisse with analyst Christopher Parkinson citing the recent rally in shares. 4. Eli Lilly (LLY) downgraded to Market Perform from Outperform at Leerink with analyst Seamus Fernandez saying that the regulatory update for Olumiant removes upside optionality in rheumatoid arthritis and possibly other indications given concerns over thrombosis risk. 5. Wynn Resorts (WYNN) was downgraded to Hold from Buy at Union Gaming and to Market Perform from Outperform at Telsey Advisory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/15/17
DBAB
08/15/17
UPGRADE
Target $150
DBAB
Buy
Wynn Resorts upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli upgraded Wynn Resorts to Buy and raised his price target for the shares to $150 from $138. The analyst believes the mass ramp at Wynn Palace is beginning to accelerate and that current share levels represent a favorable entry point.
09/29/17
UBSW
09/29/17
NO CHANGE
Target $174
UBSW
Buy
Wynn Resorts price target raised to $174 from $149 at UBS
UBS analyst Robin Farley raised her price target on Wynn Resorts to $174 from $149 to reflect higher Q4 GGR growth expectations for Macau. The higher GGR estimates are driven by a strong Golden Week, pent-up demand from typhoons, and a stronger RMB, which positions Macau more favorably for mass visitors. Farley reiterated her Buy rating on Wynn Resorts shares.

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QCOM

Qualcomm

$63.32

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Dolby

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Dolby

$62.26

0.4 (0.65%)

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QCOM

Qualcomm

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NOK

Nokia

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CHL

China Mobile

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Nokia

$5.80

0.09 (1.58%)

, FB

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Red Hat

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DK

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CSCO

Cisco

$44.00

1.06 (2.47%)

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CSCO

Cisco

$44.00

1.06 (2.47%)

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CSCO

Cisco

$44.00

1.06 (2.47%)

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