Cantor Fitzgerald Reiterates a 'Buy' on Wynn Resorts (WYNN); No Lady Luck, But Thesis Remains Intact

Cantor Fitzgerald reiterates a 'Buy' on Wynn Resorts (NASDAQ: WYNN) price target of $133.00 (from $134.00).

Analyst, Robert LaFleur, said, "2Q:12 results fell short of the Street and our even more conservative estimates as exceptionally bad luck in the current quarter comped up against exceptionally good luck in 2Q:11. That being said, nothing structural was evident in the quarter beyond the well-documented slowing growth in Macau and the sluggish recovery in Las Vegas. With attractive valuation, significant free cash flow potential, and future upside from Cotai, we continue to like the Wynn story."

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 $97.36 yesterday.

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