Melco Crown Entertainment Up 5% After B Of A Upgrade (MPEL)

Shares of Melco Crown Entertainment Ltd MPEL are more than 5% higher after the company was upgraded at Bank of America Merrill Lynch this morning. At last check, shares of Melco were up 46 cents to $9.15, a gain of 5.3% on more than 43,000 shares. Melco Crown Entertainment Limited engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in the Macau special administrative region of China.