Deutsche Bank Raises Price Target on Wynn Resorts (WYNN) to $141
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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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Deutsche Bank reiterated a Buy rating on Wynn Resorts (NASDAQ: WYNN) and raised its price target to $141.00 (from $118.00).
In the near term, analyst Carlo Santarelli thinks Wynn will benefit from slightly better than recently expected quarter, additional VIP capacity coming online at Wynn Macau which could minimize and/or reverse the trend of declining rolling chip volumes, and the much discussed year-end special dividend.
Longer term, he thinks WYNN shares will benefit from an underappreciated growth driver in Cotai, normalized growth in Macau against a backdrop of reset expectations and no new supply, and an improving LV Strip with a stronger backlog of business for 2013.
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 $112.46 yesterday.
In the near term, analyst Carlo Santarelli thinks Wynn will benefit from slightly better than recently expected quarter, additional VIP capacity coming online at Wynn Macau which could minimize and/or reverse the trend of declining rolling chip volumes, and the much discussed year-end special dividend.
Longer term, he thinks WYNN shares will benefit from an underappreciated growth driver in Cotai, normalized growth in Macau against a backdrop of reset expectations and no new supply, and an improving LV Strip with a stronger backlog of business for 2013.
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 $112.46 yesterday.
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