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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.
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