Wells Fargo raises its valuation range on Melco Crown (MPEL) to $21-$24 from a previous level of...

|About: Melco Crown Entertainment... (MPEL)|By:, SA News Editor

Wells Fargo raises its valuation range on Melco Crown (MPEL) to $21-$24 from a previous level of $19-$20, Naturally, Macau is the focus on the gaming concern as more analysts jump on board the idea that mass market traffic from Mainland China will improve as transportation costs fall.