Two days after the note was out Citi said,
The analyst rates Melco Crown (NASDAQ: MPEL) as his Top Buy "as we believe Studio City is the best located casino in Cotai, situated adjacent to the Lotus Bridge border with the best access to Hengqin among its Cotai peers."
Citigroup maintained a Buy rating and $55.00 price target on the company. Daswani added that Melco is cheapest name among the Macau Large Cap operators.
Barclays Starts Melco Crown Enter. (MPEL) at Overweight
12:51 PM ET, 06/10/2014 - Street Insider
Barclays initiated coverage on Melco Crown Enter. (NASDAQ: MPEL) with an Overweight rating and a price target of $51.43.