Deutsche Bank Adjusts PT and Estimates on Wynn Resorts (WYNN) Ahead of Q1 Report
Tweet
Share
E-mailGet Alerts WYNN Hot Sheet
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
Join SI Premium – FREE
Deutsche Bank reaffirms a 'Buy' on Wynn Resorts (NASDAQ: WYNN) price target raised from $148 to $165.
Deutsche analyst said, "Our 1Q12 EBITDA forecast goes to $367 mm from $380 mm on; 1) below theoretical VIP hold in Macau, 2) slightly lower than previously estimated room rate and gaming volume growth assumptions for Las Vegas, and 3) modestly higher corporate expense related to increased legal fees in the period. Our property level forecast for Macau goes to $293 mm from $299 mm."
However, analyst, Carlo Santarelli, raises FY12/13 EPS estimate from $5.49/6.16 to $6.17/7.32. Santarelli said WYNN is a solid/safe way to play the ongoing Macau growth story and Las Vegas recovery.
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 $125.94 yesterday.
Deutsche analyst said, "Our 1Q12 EBITDA forecast goes to $367 mm from $380 mm on; 1) below theoretical VIP hold in Macau, 2) slightly lower than previously estimated room rate and gaming volume growth assumptions for Las Vegas, and 3) modestly higher corporate expense related to increased legal fees in the period. Our property level forecast for Macau goes to $293 mm from $299 mm."
However, analyst, Carlo Santarelli, raises FY12/13 EPS estimate from $5.49/6.16 to $6.17/7.32. Santarelli said WYNN is a solid/safe way to play the ongoing Macau growth story and Las Vegas recovery.
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 $125.94 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Va Tech Wabag Ltd. (VATW:IN) PT Raised to INR2,410 at ICICI Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
