Texas Capital Downgrades Melco Resorts Stock on Macau Concerns
Texas Capital Securities has downgraded Melco Resorts & Entertainment from Buy to Hold, reducing its price target from $8 to $5.50 as uncertainty over Macau’s gaming market clouds the casino operator’s earnings outlook. The assessment, issued by analyst David Bain on Friday and cited by Investing.com, reflects a widening gap between his third- and fourth-quarter 2026 earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts and broader market expectations. The firm also cited limited visibility over Macau gross gaming revenue […] The post Texas Capital Downgrades Melco Resorts Stock on Macau Concerns appeared first on World Casino News.
Texas Capital Securities has downgraded Melco Resorts & Entertainment from Buy to Hold, reducing its price target from $8 to $5.50 as uncertainty over Macau’s gaming market clouds the casino operator’s earnings outlook. The assessment, issued by analyst David Bain on Friday and cited by Investing.com, reflects a widening gap between his third- and fourth-quarter 2026 earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts and broader market expectations. The firm also cited limited visibility over Macau gross gaming revenue […]
The post Texas Capital Downgrades Melco Resorts Stock on Macau Concerns appeared first on World Casino News.
