Melco Resorts and Entertainment Ltd (MLCO)

[MCArmel1]

Oppenheimer walks away from a meeting with management at Melco Crown (MPEL +0.6%) convinced the casino operator can continue to improve table yields and boost its penetration rate in Mainland China. Though the short-term outlook looks good, the long-term view is also promising with Japan and Taiwan sitting as two potentially-attractive markets for the company. The investment firm maintains MPEL at an Outperform rating along with the $30 price target on shares.

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