Melco Resorts & Entertainment Limited (NASDAQ:MLCO) was downgraded by J.P. Morgan and Bank of America Securities on January 15 and 13, respectively. The stock’s price target was lowered due to a cautious outlook on the Macau gaming sector. Analysts advise a selective approach and warn of potential risks in the gaming industry.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) operates resort facilities, hotels, and casinos in the Philippines and Macau. The company owns City of Dreams, Studio City, and Altira Macau casinos. Despite potential, analysts suggest other AI stocks may offer greater upside potential with less risk.

Analysts from J.P. Morgan and BofA recommend a selective approach in the gaming sector. The firms highlight potential risks and await traction from Melco Resorts & Entertainment Limited. Investors are advised to exercise caution and monitor the company’s performance closely for future opportunities.

Read more at Yahoo Finance: J.P. Morgan Downgrades Melco Resorts & Entertainment (MLCO) To Hold