Jefferies Boost Price Target On Wynn Resorts (WYNN)

Jefferies lifted its price target on Buy-rated Wynn Resorts (NASDAQ: WYNN) from $141 to $174, following strong first quarter results.

The firm states, "The strong 1Q11 earnings results, together with indications of continued accelerating dynamics in Macau, stabilizing trends in Las Vegas, and ongoing operating excellence, continue to warrant a premium to the group, in our view. Reiterating BUY."

The firm raised FY11 EPS from $3.25 to $4.02 and FY12 from $4.24 to $5.20.

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

Shares of Wynn Resorts closed at $138.93 yesterday.

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