Wynn Resorts price target lowered to $105 from $109 at Jefferies

Jefferies lowered the firm’s price target on Wynn Resorts (WYNN) to $105 from $109 and keeps a Hold rating on the shares. Operating expectations for land-based casinos should remain “mostly unchanged,” says the analyst, who believes growth from capital projects and balance sheet strength “win fundamentally.” The analyst sees strong demand and constrained supply in 2025-26or Las Vegas and calls regional gaming “still competitive and choppy” with a “few pockets of growth available.”