UBS Resumes Wynn (WYNN) at Neutral, Raises Target to $66
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After suspending coverage of the stock on August 14, UBS today resumed coverage of Wynn Resorts (Nasdaq: WYNN) with a Neutral rating. The firm also raised its price target from $54 to $66.
Shares of Wynn are trading around $62.90 today, down about a 1% from yesterday's closing price. UBS's new price target represents potential upside of about 5%.
The resumed coverage and boosted price target follows yesterday's news that Wynn will pay a $4/share special dividend, and also pay a regular quarterly dividend of $0.20/share.
To see all the analyst action following this news, visit our Analyst Ratings page.
Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts.
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