Wynn Resorts upgraded to Buy from Neutral at Janney Capital Janney upgraded Wynn Resorts based on expectations for better Macau growth and assigned a $50 valuation for its Cotai property. Price target raised to $175 from $120.
News For WYNN From The Last 14 Days
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Macau estimates lowered at Morgan Stanle Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
Wynn unit to spend $20M on Macau casinos design work, Macau Business says Wynn Resorts' Wynn Macau unit is slated to spend $20.13M this year on design work for its casinos, Macau Business reports. This figure is double the amount the company originally planned. Reference Link