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Wynn Macau downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Praveen Choudhary downgraded Wynn Macau (WYNMF) to Equal Weight from Overweight with a price target of HK$5.50, down from HK$6.70. The firm views the stock’s valuation as “less interesting” relative to peers and expects the company to lose market share this year.

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