Wynn Resorts price target raised to $105 from $90 at Argus

Argus raised the firm’s price target on Wynn Resorts (WYNN) to $105 from $90 and keeps a Buy rating on the shares. The prospects for an eventual rebound in Macau, strength in Las Vegas and solid results at the Encore Boston Harbor warrant a higher valuation, the analyst tells investors in a research note. Wynn’s hotels have been nearly full and sales at its retail tenants in Macau strong, Argus adds.