Citadel Securities Upgrades Wynn Resorts (WYNN) to Add Following Recent Sell-Off
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Price: $102.53 +0.16%
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Citadel Securities upgraded Wynn Resorts (NASDAQ: WYNN) from Neutral to Add. PT $150.
Citadel analyst says, "Given the recent weakness in many Asia-centric gaming companies, which we believe emanates from China growth concerns, we now find the shares to be increasingly attractive and worthy of new capital commitment. Thus, despite the potential for further headline-induced volatility, we are raising our ratings on MGM (NYSE: MGM), Wynn Resorts and Wynn Macau to Add, as we believe each has the potential to deliver investors double-digit returns. We are also reiterating our Edge Positive rating on Sands China - our top pick in our coverage universe - and our Add rating on Las Vegas Sands (NYSE: LVS)."
For more ratings news on Wynn Resorts click here and for the rating history of Wynn Resorts click here.
Shares of Wynn Resorts closed at $129.78 yesterday.
Citadel analyst says, "Given the recent weakness in many Asia-centric gaming companies, which we believe emanates from China growth concerns, we now find the shares to be increasingly attractive and worthy of new capital commitment. Thus, despite the potential for further headline-induced volatility, we are raising our ratings on MGM (NYSE: MGM), Wynn Resorts and Wynn Macau to Add, as we believe each has the potential to deliver investors double-digit returns. We are also reiterating our Edge Positive rating on Sands China - our top pick in our coverage universe - and our Add rating on Las Vegas Sands (NYSE: LVS)."
For more ratings news on Wynn Resorts click here and for the rating history of Wynn Resorts click here.
Shares of Wynn Resorts closed at $129.78 yesterday.
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