Citi upgraded Wynn Resorts (WYNN) to Buy from Neutral with a price target of $160, up from $124.50, after assuming coverage of the name. The firm sees the company’s international expansion and capital returns driving further share upside. Wynn’s momentum should continue with its UAE project and healthy cash flow generation, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYNN:
- Wynn Resorts upgraded to Buy from Neutral at Citi
- Wynn Resorts initiated with an Overweight at Wells Fargo
- Cboe plans predictions market offering without sports products, Bloomberg says
- Wynn Resorts price target raised to $131 from $126 at Mizuho
- Wynn Resorts Earnings Call Highlights Positive Growth and Future Prospects