Wynn Resorts price target raised to $151 from $133 at Cantor Cantor increased its price target on Wynn after the company reported higher than expected Q4 EBITDA for both Macau and Las Vegas. The firm continues to believe that the company has best in class assets and it reiterates a Buy rating.
News For WYNN From The Last 14 Days
Check below for free stories on WYNN the last two weeks.
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