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Melco Resorts & Entertainment Limited (MLCO) Price Target Raised to $11 by JP Morgan
ByAinvest
Thursday, Nov 13, 2025 11:42 pm ET1min read
JP Morgan has raised its price target on Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to $11 from $10.50, citing strong growth in Macau gaming and non-gaming operations. The company's Q3 2025 earnings showed a 21% YoY increase in Macau Property EBITDA and a 45% QoQ rise in the Philippines. Melco Resorts develops and operates resort facilities, hotels, and casinos in Macau and the Philippines.
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