Zacks Investment Research downgraded shares of MELCO CROWN ENT (MPEL) from OUTPERFORM to NEUTRAL on March 11, 2013, with a target price of $22.80.
Melco Crown Entertainment Limited is an owner and developer of casino gaming and entertainment resort facilities primarily in Macau. It owns and operates City of Dreams, Altira Macau and Mocha Clubs. The Company's Development Project includes Macau Studio City Project. Melco Crown Entertainment Limited, formerly known as Melco PBL Entertainment (Macau) Limited, is headquartered in Macau.
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