Macau stocks price targets raised at Wells Fargo Wells Fargo raised its price targets on several companies with Macau casinos as the firm believes that Macau gaming trends have been strong. The firm also thinks that these companies have several upcoming positive catalysts. Wells increased its price target on Las Vegas Sands (LVS) to $80-$90 from $80-$85, on Melco Crown (MPEL) to $40-44 from $38-$42, and on Wynn Resorts (WYNN) to $195-$205 from $185-$195. The firm has Outperform ratings on all three stocks and ranks them in the order presented in the previous sentence.
Atlantic City reports November casino win up 27.2% to $224.7M Based upon filings with the Division of Gaming Enforcement, New Jersey reported total casino win was $224.7M in November compared to $176.6M last November. The 27.2% increase was impacted by Hurricane Sandy in November 2012 and an extra Saturday in November 2013.