Melco Crown Sell-Off Seen as Buying Opportunity and 3 Stock Analyses Not to Miss
Melco Crown Entertainment Ltd. (NASDAQ:MPEL): Current Price: $19.04
According to Deutsche Bank, the pullback in Melco Crown shares on Friday is a result of news that the company’s Taiwan based subsidiary is under investigation for suspected illegal money transfer. The firm is convinced that the sell-off may possibly provide a buying opportunity prior to Melco’s Q4 results during early February. Deutsche predicts that Melco Crown will report strong Q4 results, and the firm maintains its Buy rating on the stock.