Barclays Upgrades Wynn (WYNN) to Overweight; Casino & Gaming Stocks on the Move (LVS) (MGM)

A Barclays call on shares of Wynn Resorts (NASDAQ: WYNN) seems to be boosting the entire Casino & Gaming sector early Friday.

The firm lifted its investment rating on the stock from Equalweight to Overweight while maintaining a $160 price target.

With Wynn shares up 2 percent to $143.79 in pre-market action, Barclays' price target represents potential upside of about 11 percent.

Elsewhere in the sector: Las Vegas Sands (NYSE: LVS) shares are up 1.9 percent to $43.40, MGM (NYSE: MGM) shares are up 3.2 percent to $11.53 and shares of Melco Crown (Nasdaq: MPEL) are up 3.2 percent to around $13.85.

For more ratings news on Wynn Resorts click here and for the rating history of Wynn Resorts click here.

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