Texas Capital initiated coverage of Melco Resorts (MLCO) with a Buy rating and $11.50 price target The firm says the company’s “unique” non-gaming offerings and premium mass focus aligns it with record Macau visitation and a “K shaped” China economy. Macau’s gross gaming revenue growth should remain above 10% for most of the first half of 2026, the analyst tells investors in a research note.
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Read More on MLCO:
- JPMorgan downgrades Melco Resorts on risk to estimates
- Melco Resorts downgraded to Neutral from Overweight at JPMorgan
- Melco Resorts price target lowered to $7.90 from $9.50 at BofA
- Macau reports December casino revenue up 14.8% to 20.89B patacas
- Macau reports December casino revenue 14.8% to 20.89B patacas