Brokerage Firm Rating Update on Wynn Resorts Limited (WYNN)

Wynn Resorts Limited (WYNN) : 12 analysts are covering Wynn Resorts Limited (WYNN) and their average rating on the stock is 2.96, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Wynn Resorts Limited (WYNN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Wynn Resorts Limited (WYNN) : The consensus price target for Wynn Resorts Limited (WYNN) is $99.1 for the short term with a standard deviation of $15.51. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $119, however, the pessimist price target for the company is $65.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Nomura downgrades the rating on Wynn Resorts Limited (NASDAQ:WYNN). The brokerage firm has issued a Reduce rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 29, 2016.

Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $93.49 and touched an intraday high of $95.24 on Wednesday. During the day, the stock corrected to an intraday low of $93.25, however, the bulls stepped in and pushed the price higher to close in the green at $94.35 with a gain of 1.68% for the day. The total traded volume for the day was 2,616,950. The stock had closed at $92.79 in the previous trading session.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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