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.
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