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Fly News Breaks for March 5, 2015
LVS, WYNN
Mar 5, 2015 | 06:27 EDT
Citigroup called Wynn Resorts (WYNN) its top U.S. gaming stock and Las Vegas Sands (LVS) the most defensive in the group. Citi believes Wynn Palace, when opened in 2016 in Cotai, will likely offer some of the most luxurious rooms in the global gaming industry. The firm cut its estimates for the space after lowering its Macau gross gaming revenue growth forecast to down 16% from down 4%. It dropped its price target for Wynn Resorts to $195 from $203 and keeps a Buy rating on the name.
News For WYNN;LVS From the Last 2 Days
LVS, WYNN
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