BofA analyst Shaun Kelley lowered the firm’s price target on Wynn Resorts (WYNN) to $140 from $150 and keeps a Buy rating on the shares. Shares fell 5% on Friday after the company’s Q1 report, which the firm thinks is primarily attributable to a slightly more cautious tone for Las Vegas than peers. The firm’s 2026 EBITDA estimate slips 2% on the Vegas outlook and it also cites “some sustained headline risk” for its lowered price target
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