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Melco Crown Shares Dip Amid Concerns with Macau Junket Operators

Tuesday, 4 December 2012

Shares of Melco Crown Entertainment (NASDAQ: MPEL) are down more than 7 percent Tuesday following a WSJ piece from last night which suggested police in both mainland China and Macau have detained people from at least three large junket operators recently.
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Source: Market News Video - on December 7, 2012

News video: Analyst Moves: MPEL, LULU

Analyst Moves: MPEL, LULU

Melco Crown Entertainment (MPEL) was upgraded by JPMorgan (JPM) to neutral from overweight with a price target of $20, as the current stock price provides investors with an attractive entry point. Shares are higher by about two percent.

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