Deutsche Bank Downgrades Melco Crown Entertainment To Sell

Analysts at Deutsche Bank downgraded

from Buy to Sell. The price target for Melco Crown Entertainment has been lowered from $27.70 to $18.00. Melco Crown Entertainment shares have dropped 47.53% over the past 52 weeks, while the S&P 500 index has surged 11.34% in the same period. Melco Crown Entertainment's shares fell 3.62% to $21.31 in pre-market trading.