Cantor Fitzgerald Starts Wynn Resorts (WYNN) at Buy; Recent Correction Offers Good Entry Point

July 9, 2012 5:10 PM EDT
Get Alerts WYNN Hot Sheet
Price: $92.34 +2.00%

Rating Summary:
    16 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Cantor Fitzgerald initiates coverage on Wynn Resorts (NASDAQ: WYNN) with a Buy. PT $134.00.

Analyst, Robert LaFleur, said, "Wynn owns and operates best-in-class integrated casino resorts in Macau and Las Vegas and has a strong balance sheet and track record of paying out big dividends...Wynn shares are off 20% since mid April on concerns of a slowdown in Macau and a dispute with long-time shareholder Kazuo Okada. At current prices, the market is valuing Wynn's assets at less than 10x EBITDA and giving it no credit for its Cotai project."

For an analyst ratings summary and ratings history on Wynn Resorts click here. For more ratings news on Wynn Resorts click here.

Shares of Wynn Resorts closed at $100.69 yesterday.

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