Morgan Stanley: Valuation attractive on Melco Crown

|About: Melco Resorts & Entertain... (MLCO)|By:, SA News Editor

Morgan Stanley raises its rating on Melco Crown (NASDAQ:MPEL) to Overweight from Equal Weight despite the slow deceleration in Macau revenue growth trends.

Shares of the casino operator are 37% off their 52-weeks highs, giving investors a reasonable entry point, according to MS.

MPEL +1.5% premarket to $29.12