Wynn Resorts Limited (WYNN) Receives ‘Analyst’ Rating

Wynn Resorts Limited (WYNN) has an average broker rating of 2.96, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Wynn Resorts Limited (WYNN) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $119 and the lowest price target forecast is $65. The average forecast of all the analysts is $99.1 and the expected standard deviation is $15.51.


Also, In a research note released to the investors, Nomura downgrades its rating on Wynn Resorts Limited (NASDAQ:WYNN).The analysts at the brokerage house have a current rating of Reduce on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 29, 2016.

Wynn Resorts Limited (NASDAQ:WYNN): After opening at $106.88, the stock dipped to an intraday low of $104.73 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $109.5 and the buying power remained strong till the end. The stock closed at $108.68 for the day, a gain of 1.33% for the day session. The total traded volume was 5,714,621. The stocks close on the previous trading day was $107.25.

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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