BofA raised the firm’s price target on Melco Resorts (MLCO) to $9.50 from $9 and keeps a Neutral rating on the shares. Based on management’s comments during the Q3 earnings call that the company expects to resume its quarterly dividend by year-end 2026, the firm now projects dividend per ADS of 7c in FY26 and 30c in FY27, the analyst tells investors.
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