Brean Capital Initiates Melco Crown Entertainment At Buy

Analysts at Brean Capital initiated coverage on Melco Crown Entertainment Limited MPEL with a Buy rating. The target price for Melco Crown Entertainment is set to $31. Melco Crown Entertainment shares have dropped 46.28% over the past 52 weeks, while the S&P 500 index has surged 12.15% in the same period. Melco Crown Entertainment's shares jumped 2.56% to close at $21.88 yesterday.