Morgan Stanley released a research report saying that it will downgrade Galaxy Entertainment's (00027) rating from "overweight" to "synchronized with the market", and its target price will be lowered from HK$46 to HK$38. The company's valuation premium comes from its performance record and track record and GEG Phase 3 to 4piratekingsfreespins2022expansion. However, recentlypiratekingsfreespins2022The decline in market share of the company is expected to trigger a downward revision of its profit forecast and a premium on the company's losses.