Alert: Major Price Decline (11/7/23)-Melco Resorts & Entertainment Lt (NASDAQ: MLCO).


Melco Resorts & Entertainment Lt (NASDAQ: MLCO) stock closed at $7.54 on 11/7/23 after a major decline of -15.4%. The stock has been weak relative to the market over the last nine months and has declined -12.1% during the last week.


Current PriceTarget Research Rating

MLCO’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.

Melco Resorts & Entertainment Lt is currently unrated.

Rating Review

The stock is currently unrated.

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