Bernstein Initiates Melco Crown Entertainment At Outperform

Analysts at Bernstein initiated coverage on

with a Outperform rating. The target price for Melco Crown Entertainment is set to $32. Melco Crown Entertainment shares have dropped 41.09% over the past 52 weeks, while the S&P 500 index has surged 13.49% in the same period. Melco Crown Entertainment's shares rose 0.52% to close at $23.00 on Friday.