Melco Resorts & Entertainment (NASDAQ:MLCO) Sets New 1-Year Low - What's Next? - MarketBeat

Shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $4.50 and last traded at $4.5450, with a volume of 94374 shares traded. The stock had previously closed at $4.56. Get MLCO alerts:Analyst Upgrades and DowngradesHow to Invest in Casino Stocks: Pros and Cons and MoreA number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Melco Resorts & Entertainment from a "buy" rating to a "hold" rating in a research report on Sunday, June 28th. Morgan Stanley cut shares of Melco Resorts & Entertainment from an "overweight" rating to a "negative" rating in a research note on Monday, June 22nd. Citigroup cut their price objective on shares of Melco Resorts & Entertainment from $10.50 to $9.40 and set a "buy" rating for the company in a report on Friday, July 10th. CLSA upgraded shares of Melco Resorts & Entertainment from a "hold" rating to an "outperform" rating and decreased their target price for the stock from $6.10 to $6.00 in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co.