Morningstar cuts price targets for Macao casino stocks amid regulation fears
People wearing protective masks sit on a bench as Macau Tower stands in the distance in Macau, China, on Tuesday, March 3, 2020.
Billy H.C. Kwok – Bloomberg via Getty Images Morningstar reduced its price targets to Macao casinos operators because of regulatory uncertainty. This is despite their Hong Kong listed shares still suffering from the fallout from the pandemic.| Bloomberg via Getty Images
Morningstar slashed its price targets on Macao casino operators as regulatory uncertainty hammers their Hong Kong-listed shares still reeling from the collapse in travel during the pandemic.