Wynn Resorts, Limited Reports Third Quarter 2016 Results

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Nomura Securities Cuts Price Target on Wynn Resorts Ltd (WYNN) to $77

November 3, 2016 9:14 AM EDT

Nomura Securities maintained a Reduce rating on Wynn Resorts Ltd (NASDAQ: WYNN), and cut the price target to $77.00 (from $83.00), following the company's 3Q earnings report. 3Q Macau EBITDA of $177m was well below expectations of ~$200m. Palaces revenues were in line but a... More