Wynn Resorts price target raised to $265 from $255 at Deutsche Bank Deutsche Bank raised its price target for Wynn Resorts shares to $265 citing the company's better than expected Q1 results and the "more bullish than usual conference call." Deutsche views Wynn as its top pick in the space and reiterates a Buy rating on the stock.
News For WYNN From The Last 14 Days
Check below for free stories on WYNN the last two weeks.
Wynn Resorts technical comments before results In the past three months shares have performed in line with broader averages. The trading range has been well-defined with it largely contained between a low at $200 and a high at $220. At the current price of $210.09, the stock is in the middle of that range. The trading range bounds will be important presuming that there is sufficiently strong news, positive or negative, to move through them. It is possible that more or less neutral results and guidance will keep the current range intact. If news is better than expected, a move above $220 could be expected. Resistance above is at $227.46 and $229.65. On weaker results and guidance, a move below $200 could be expected. Such a move would call the long-term uptrend into question and would be bearish for future price. Support below $200 would be at $193.64 and then at $191.83.