Argus Upgrades Wynn Resorts (WYNN) to Buy, 'assumes a recovery in the Las Vegas business and growth in Boston'

Argus analyst John Staszak upgraded Wynn Resorts (NASDAQ: WYNN) from Hold to Buy with a price target of $160.00.

The analyst comments "We are raising our rating on Wynn Resorts Ltd. (NGS: WYNN) to BUY from HOLD and setting a target price of $160. Our upgrade assumes a recovery in the Las Vegas business and growth in Boston, driven by the rollout of coronavirus vaccines and increased leisure travel. In addition, we expect Wynn to benefit from a recovery in Macau, helped by its focus on the premium mass and luxury markets, and from the launch of its iGaming/sports betting platform in 10 states. Our long-term rating is also BUY."

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 $131.37 yesterday.

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