BofA analyst Karl Choi lowered the firm’s price target on Melco Resorts (MLCO) to $7.90 from $9.50 and keeps a Neutral rating on the shares. The firm said the move reflects a more selective stance on the Macau gaming sector ahead of a projected slowdown in gross gaming revenue growth in 2026. BofA added that Melco Resorts’ “inexpensive” valuation is balanced by a lower projected dividend yield. The firm told investors that they should also adopt a selective stance toward the Macau gaming sector in the first half of 2026.
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