Bank of America Downgrades Melco Crown Entertainment To Underperform

Analysts at Bank of America downgraded

from Neutral to Underperform. The price target for Melco Crown Entertainment is set to $21.40. Melco Crown Entertainment shares have dropped 43.86% over the past 52 weeks, while the S&P 500 index has surged 10.08% in the same period. Melco Crown shares fell 2.30% to $21.20 in pre-market trading.