Wynn Resorts shares should advance further, says Argus Argus believes that Wynn Resorts reported strong Q1 results for its Macau business and the firm expects the company to benefit from expansion in Macau going forward. The firm keeps a $250 price target and Buy rating on the stock.
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