Barclays lowered the firm’s price target on Wynn Resorts (WYNN) to $115 from $119 and keeps an Overweight rating on the shares as a part of a Q4 preview for the gaming space. Vegas, Macau and digital prints all likely to “underwhelm,” but this seems priced in, while “beaten-down regionals” could exceed low expectations and give newfound hope for modest growth, the analyst tells investors in a research note. The firm expects the Q4 gaming reports to come in positively for regionals.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYNN:
- Wynn Resorts price target lowered to $105 from $110 at Morgan Stanley
- Authentic Brands picks former Wynn CEO Maddox as president, WWD reports
- Bet On It: Customer friendly results adversely impact Flutter U.S. revenue guide
- Wynn Resorts to acquire Crown London, terns ubdisclosed
- Nevada reports November statewide gaming win down 4.21% to $1.32B
Questions or Comments about the article? Write to editor@tipranks.com