Wynn Resorts Limited (WYNN) Receives Price Target

Wynn Resorts Limited (WYNN) : The most positive equity analysts on Wynn Resorts Limited (WYNN) expects the shares to touch $119, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $99.1 with an expected fluctuation of $15.51 from the mean.

Wynn Resorts Limited (WYNN) : Zacks Investment Research ranks Wynn Resorts Limited (WYNN) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.96, which indicates as a Hold.


Also, Nomura downgrades its view on Wynn Resorts Limited (NASDAQ:WYNN) according to the research report released by the firm to its investors. The shares have now been rated Reduce by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 29, 2016.

Wynn Resorts Limited (NASDAQ:WYNN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.58 and $93.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $93.17, notching a gain of 4.31% for the day. The total traded volume was 6,804,992 . The stock had closed at $89.32 on the previous day.

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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