Goldman Sachs Adjusts Numbers on Wynn Resorts (WYNN); Downside: Litigation Risk; Upside: Stronger-Than-Expected Macau Gaming Trends
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Price: $95.26 +1.76%
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
35 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Goldman Sachs maintains a 'Neutral' on Wynn Resorts (NASDAQ: WYNN) price target raised from $130 to $136.
Analyst, Steven Kent, updates estimates after in-line quarter..."Our new 2012-14E adjusted EBITDA estimates move only slightly to $1.5bn, $1.7bn and $1.9bn from $1.6bn, $1.7bn and $1.9bn, respectively. Our EBITDA estimates are essentially unchanged given Wynn reported an in line first quarter...However, our 2012-14E EPS estimates move higher to $6.07, $7.21 and $8.23 from $5.80, $6.89 and $7.78, respectively."
(We also note that we currently do not include any value in our price target for their potential new Cotai property)
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 $108.09 yesterday.
Analyst, Steven Kent, updates estimates after in-line quarter..."Our new 2012-14E adjusted EBITDA estimates move only slightly to $1.5bn, $1.7bn and $1.9bn from $1.6bn, $1.7bn and $1.9bn, respectively. Our EBITDA estimates are essentially unchanged given Wynn reported an in line first quarter...However, our 2012-14E EPS estimates move higher to $6.07, $7.21 and $8.23 from $5.80, $6.89 and $7.78, respectively."
(We also note that we currently do not include any value in our price target for their potential new Cotai property)
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 $108.09 yesterday.
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