 Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts Entertainment Ltd NASDAQ:MLCO is poised to benefit from the easing of travel restrictions and license renewals, according to Morgan Stanley. The Melco Resorts Entertainment Analyst: Praveen Choudhary upgraded the rating for Melco Resorts Entertainment from Equal-Weight to Overweight, while raising the price target from 11 to 13. 