JPMorgan raised the firm’s price target on Wynn Macau to HK$10.50 from HK$9 and keeps an Overweight rating on the shares. “Divergence” is how the analyst characterizes Macau’s setup, both for stocks and operations. The firm continues to seek alpha by focusing on bottom-up opportunities given a lack of sector catalysts. It thinks Melco and Galaxy can be used as funding sources over the next two to three months, given consensus estimate risks.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYNMF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue