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Morningstar cuts price targets for Macao casino stocks amid regulatory 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 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.

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